In the story that seemed like it would never end. China has finally approved the Glencore purchase of Viterra. Many people in the industry were starting to question whether the deal would actually ever happen due to the constant delays and extensions of the deadline. See the press release. According to the press release: This was the… Read More
Tag: Viterra
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
Mobile technology has changed the way people do business. As long as you have a signal, you have access to all information from anywhere you can carry your phone or your tablet. Mobile Apps have further simplified that information gathering process. For farmers looking for pricing information, that’s a breath of fresh air. SEE MORE FARM… Read More
With the details of the pending acquisition of Viterra in the news almost every day, it is easy to forget that the day-to-day business must go on, and Viterra is doing just that. In fact, it is still developing and registering new herbicides, with the latest being Momentum. Momentum, which contains two the respected active… Read More
The Canadian Wheat Board has announced that they have signed a grain handling agreement with Viterra staring August 1, 2012. The agreement will be a compliment to the Cargill agreement that was reached previously. The CWB – Viterra agreement will also provide the CWB with access at the port. Since the CWB does not… 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
With the sale of Viterra, Agrium has purchased the ag-retail locations that are not attached to grain terminals. We have had several emails this week from farmers requesting the opportunity to vote on the impact of Agrium (CPS) having a very dominant ag-retail presence in Western Canada. With this 1.6 billion dollar purchase, Agrium will… Read More
Based on the announcement today of the Glencore purchase of Viterra, Richardsons has really solidified their already strong presence in Western Canadian agriculture. According to the Richardson’s press release: Richardson’s agreement with Glencore includes the purchase of a 25% ownership interest in Cascadia Terminal (Vancouver), which will allow Richardson to ship increased volumes of grain… Read More
I was listening to CBC Radio this morning and I thought this was a pretty good discussion of the political side of the Viterra takeover. In particular the challenges that Brad Wall has with explaining the three way deal to residents of Saskatchewan. Viterra is a different kind of company than Potash Corp and therefore… Read More
With rumors swirling that Viterra is potentially going to be sold to non-Canadian entity like Glencore or ADM, many Canadians are speculating that the Federal Government might intervene in the deal. This would be similar to the Potash Corp sale which was kibosh-ed by Saskatchewan Premier Brad Wall and Prime Minister Stephen Harper. If you… Read More
After the second time in less than a week that Viterra has halted trading on the TSX, a process for the potential sale of the company has been established. The press is speculating that $16 per share is the number to get in on the action. Viterra did not mention any names in their public… 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
The Canadian agricultural newswires are jumping today as Viterra’s shares were temporarily halted on the TSX due to what the company calls “expression of interest.” I have made calls around the country and two names continue to pop up. Glencore and ADM have been on the tip of everyone’s tongue all day. Many of you… Read More
With last weeks expected sale of the Viterra Livestock Division to Hi-Pro Feeds LP the feed industry in Canada has changed in Western Canada. Hi-Pro will be owned by Birch Hill Equity Partners and the employees of the company. In the press release Viterra said that the sale was initiated for strategic reasons. Viterra is… Read More
The pulse industry across Canada is looking at an aggressive growth strategy in the coming years. The Saskatchewan Pulse Growers Association in particular have targeted a major expansion in acres by 2025 and they’re not the only province looking to grow. Alberta as well has some very aggressive thoughts on what may happens to pulse… Read More