Tag: Ian White

CWB’s Infrastructure Taking Shape — Answers to Farmer Ownership Questions Still Up in the Air

There’s no question the Canadian Wheat Board is establishing its physical presence in Western Canada, but farmers are still seeking answers to questions about how they will participate in owning the grain business controlled by G3 Global Grain Group — a joint venture between Bunge and a Saudi government investment company. A farmer equity trust… Read more »

G3 Global Grain Group (Bunge & SALIC Canada) Takes on Majority Ownership of CWB — Updated

Update on July 31, 2015: G3 Global Grain Group today announced the successful close of its deal to acquire a majority stake in CWB. CWB will be combined with the grain assets of Bunge Canada to form G3 Canada Limited. Ian White, CWB President and CEO, said he is “gratified” with the outcome of the CWB… Read more »

CWB Acquires Great Sandhills Terminal & Majority Stake in Shortline Railway

CWB has announced an agreement where it will acquire, through a wholly-owned subsidiary, all the issued and outstanding common shares of Great Sandhills Terminal Ltd.  (GST), based at Leader, Saskatchewan.  The deal, worth $581.98 per share, represents a total equity value, on a fully diluted basis, of $17,426,227 (subject to adjustment in certain circumstances), according… Read more »

CWB to Acquire All Issued & Common Shares of Prairie West Terminal

CWB and Prairie West Terminal Ltd. (PWT) announced today that they have entered into an arrangement agreement whereby CWB (through a wholly-owned subsidiary) will acquire all of the issued and outstanding common shares of PWT, excluding shares owned by CWB and its affiliates (“PWT Shares”). The deal is worth just over $43 million, according to… Read more »

CWB to Build New Elevator West of Portage la Prairie, Manitoba

CWB today announced the construction of its first state-of-the-art grain elevator west of Portage La Prairie in Bloom, Manitoba. The elevator is expected to be ready to receive grain for the 2015 harvest. Once completed, the facility will feature industry-leading railcar loading times and 33,900 metric tonnes (MT) of storage. CEO Ian White says in… Read more »

CWB Buys in to Prairie West Terminal

CWB today announced it has acquired a 10% stake (approximately) in Prairie West Terminal Ltd (PWT), a farmer-owned grain handling organization located in west central Saskatchewan. Including the shares owned by  Mission Terminal Inc.,a wholly-owned subsidiary of CWB, this 10% buy-in brings total CWB ownership of PWT up to approximately 12% ownership.  Financial details of… Read more »

CWB Reaches Agreement on Move to Full Ownership of Mission Terminal

CWB has reached an agreement to purchase all of the issued and outstanding shares of Mission Terminal, Les Élévateurs des Trois-Rivières, and Services Maritimes Laviolette from Upper Lakes Group Inc., the company states in a press release. The purchase positions CWB as the largest east-coast shipper of producer cars from Western Canada. The press release… Read more »

Ian White talks Pricing Options With the New CWB

It’s been nearly seven months since the Canadian Wheat Board became CWB — a pooling-focused wheat, barley and even canola marketing company operating in an open market. High cash prices since last fall had some expecting the pooling option wouldn’t be very popular, but as Ian White, CEO of CWB explains CWB isn’t just about… Read more »

CWB Ships First Load of Canola to Japan

CWB announced today the dispatch of its first shipload of canola from the Port of Prince Rupert. The cargo of 42,000 tonnes of Prairie canola is now travelling aboard the vessel Tai Health, enroute to customers in Japan, according to the company’s press release. Changes to the western Canadian grain-marketing system, implemented by the federal… Read more »