Daily Network News

More News →

Tag Archives SALIC

Then-federal Agriculture Minister Gerry Ritz (second from right) announces G3’s plan to take a majority stake in CWB in April 2015 in Winnipeg. (Dave Bedard photo)
Crops

Farmers’ CWB class action lawsuit gets certified

Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board

By ,
A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the
News

Will Saudi sanctions put G3 on the selling block?

Canada’s grain industry has questions but G3 isn’t saying much

By
How will Saudi Arabia’s sanctions, including a ban on Canadian grain purchases, affect G3? The grain sector was abuzz with speculation last week given the grain company that acquired the Canadian Wheat Board’s assets in 2015 is a partnership between the state-owned Saudi Agricultural and Livestock Investment Co. (SALIC) and U.S. grain company Bunge. The
Editorial, Opinion, Other

Editorial: Follow the dollars

By
Most financial professionals will tell you to keep one hand on your wallet when someone doesn’t want you to look at the books. From non-profit community groups to major corporations, the numbers don’t lie. If funds have been misallocated or things aren’t quite on the level, it can’t truly be hidden. No matter how hard
G3’s lake terminal at Hamilton, Ont. (G3.ca)
Crops

G3 has a new CEO

By ,
There’s been a change at the top of Canada’s newest major grain company. G3 Canada’s CEO Karl Gerrand left the grain company Tuesday and has been replaced by Don Chapman, the Manitoba Co-operator has learned. G3 in 2015 purchased 50.1 per cent of the Canadian Wheat Board from the federal government and brought in Gerrand,
Crops

G3 co-owner SALIC looking at Iraq farmland

By ,
Dubai | Reuters –– The Saudi Agricultural and Livestock Investment Company (SALIC) is looking at more farmland investment opportunities and has its neighbour Iraq on the list. SALIC, an arm of the country’s Public Investment Fund (PIF), said it was also looking to expand its investments in the Black Sea region, which already includes almost
A rendering of G3’s proposed grain terminal and loop track for Port Metro Vancouver. (G3.ca)
Crops

G3 to proceed with port grain terminal at Vancouver

By ,
Winnipeg | Reuters — Canada’s G3 Global Holdings will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday. The Winnipeg-based partnership of Saudi Arabian agriculture company SALIC and U.S. grain handler Bunge Ltd/ had been considering the
(Dave Bedard photo)
Crops, Markets

Saudi Arabia boosts stake in G3 Canada

By ,
Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co.
(Dave Bedard photo)
Crops, Markets

Glencore in talks to sell further stake in ag unit

By
London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag
Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (Glencore.com)
Crops

CPP, Saudi firm are lead players in bid for Glencore

By
Bengaluru/Reuters – Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Bloomberg reported on Friday. The firms are presenting final bids for the unit this month and Glencore is open to selling stakes to more

AgCanadaTV

AgCanadaTV: Your Agriculture News Recap for Dec.19, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →