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Canada Malting’s processing plant in Montreal. (CanadaMalting.com)
Crops

Bureau won’t challenge takeover of Canada Malting parent

U.K. also has 'no further questions'

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The owner of one of Canada’s major commercial maltsters says its takeover by a major French peer won’t be challenged by Canada’s antitrust regulator. United Malt Group, whose Canadian assets operate under the Canada Malting banner, last month locked in on a previously announced deal to sell itself to France’s Malteries Soufflet for A$1.5 billion
Canada Malting’s processing plant in Montreal. (CanadaMalting.com)
Crops

France’s InVivo makes bid for United Malt

Bid would include Canada Malting business

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Reuters — United Malt Group has received an indicative, non-binding offer from Malteries Soufflet, a branch of French agribusiness InVivo, the Australian commercial maltster said on Tuesday, valuing it at A$1.5 billion (C$1.36 billion). The A$5 per share offer represents a 45.3 per cent premium to United Malt’s last close of A$3.44. Trading in shares
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France’s InVivo aims to become top world malt producer

Company aims to double size of malt business with help of new investors

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Reuters – InVivo aims to become the world’s largest producer of malt within five years, supported by new investors after it completed the acquisition of agribusiness peer Soufflet, its chief executive said Dec. 9. The takeover, which values Soufflet at 2.2 billion euros (US$2.5 billion), will give rise to a group with nearly 10 billion euros in sales from
(Groupe Soufflet video screengrab via YouTube)
Crops

InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

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Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying
(LaCooperationAgricole.coop)
Crops

InVivo pursues co-op alliances to vie with grain, chemical giants

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Paris | Reuters — France’s InVivo wants to expand international partnerships with other co-operatives, including in joint buying of crop supplies and shipping fixtures, as it tries to compete with global grain trading and chemical firms, its CEO said on Wednesday. InVivo, a grouping of 220 agricultural co-operatives and one of the largest exporters of

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