Bunge Limited’s BG pending merger with Viterra has been approved by the government of Canada. The approval, however, comes with terms and conditions to protect competition, encourage investment and secure economic benefits for Canada.

Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.

Among the conditions, Canada is calling on Bunge to divest six grain elevators in Western Canada to maintain competitive balance for farmers in the region, as well as to retain Viterra’s head office in Regina, Saskatchewan, Canada, for at least five years to help “protect Canadian jobs.”

Canada's federal government will allow the acquisition of major Canadian grain firm Viterra by one of the world's biggest grain industry players, but not

Canada's government said late Tuesday it approved Bunge's ( NYSE: BG) proposed acquisition of Glencore-backed ( OTCPK:GLCNF) ( OTCPK:GLNCY) Viterra after the companies agreed to concessions to address antitrust concerns.

By Ed White WINNIPEG, Manitoba (Reuters) -Farmers warn Canada's approval of U.S. grain trader Bunge's $34-billion takeover of Glencore-backed Viterra will reduce their options to sell crops at competitive prices,