Global commodity giant Glencore — the majority owner of Regina-based grain company Viterra — is looking to expand its agriculture business, and has approached Bunge about a possible takeover. In a statement on Tuesday, Glencore confirmed it has “made an informal approach to Bunge Limited regarding a possible consensual business combination.” Glencore notes “discussions may… Read More

The Canada Pension Plan Investment Board was the winning bidder as Switzerland-based commodities giant Glencore sought to sell a chunk of its agricultural assets, including grain company Viterra. The CPPIB and Glencore announced last week they have reached a deal that will see the CPPIB pay $2.5 billion for a 40 percent stake in Glencore’s ag… Read More

If  the NOTORIOUS B.I.G was a market analyst he would describe the current situation in Western Canada as, “Mo crop, mo problems” (was that a reach???).  The 2014 Western Canadian crop is very large, on farm storage is full, railways are jammed and ports are shipping as much as they can. Get More: If you… Read More

Glencore International and Viterra Inc. have announced the sale of Viterra to Glencore has been completed. The acquisition brings Glencore immediate critical mass in the key grain markets of North America through Viterra’s substantial Canadian operations, the company says in a release. Viterra also materially expands Glencore’s existing operations in Australia. Fran Malecha, formerly Chief… Read More

Viterra Inc. announced today that Glencore International PLC’s purchase of the company is on hold until at least December 10th. The deal is hung up on regulatory approval from the Ministry of Commerce of the People’s Republic of China. Industry Canada has approved the $6.1 billion deal that will see Winnipeg-based Richardson International buy up… Read More

I always find it interesting to read or hear the mainstream media cover big ag stories.  We have been able to see this with the coverage of the CWB single desk dissolving early this year and now the Glencore – Viterra deal. In the below episode of the Lang and O’Leary Exchange, three segments are… Read More

John Depape, The CWB Monitor, talks to RealAgriculture.com about the potential sale of Viterra to a foreign company like Glencore.  John gives his feelings on whether Viterra is a national strategic asset, whether the competition bureau has anything to say about this size of deal, and if this potential deal with Glencore makes any sense… Read More