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
Tag: Viterra
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
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