Winnipeg-based special crops marketing company Legumex Walker has cleared its final hurdle in winding down operations, announcing on Tuesday it has handed over its 84 percent stake in Pacific Coast Canola and PCC’s troubled crush plant in Washington. The divestiture arrangement sees¬†Glencore increase¬†its ownership stake in PCC from 16 percent to 50 percent for no… Read More

Lenders have come calling for Legumex Walker Inc.’s canola processing business. According to a statement from the company, Pacific Coast Canola has defaulted on its loans, owing an estimated US$54.6 million. AgCountry Farm Credit Services, which represents a syndicate of lenders under PCC’s senior credit facility, has served notice demanding the repayment of all amounts… Read More

 

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