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B.C. pension funds to get piece of Glencore ag unit

The investment firm for British Columbia’s public-sector pension funds is set to buy just under 10 per cent of the agricultural arm of commodities firm Glencore. Swiss-based Glencore announced Thursday it has a “definitive” deal to sell 9.99 per cent of its “Glencore Agri” business for US$624.9 million cash to the B.C. Investment Management Corp.

News

Canadian grain companies wary of unapproved GM crops

By Allan Dawson May 19, 2016

Top U.S. grain companies have taken a hard line and are refusing genetically modified crops that haven’t been approved in major markets, while Canada’s grain industry remains more flexible. So far the Canadian companies are approaching the issue on a case-by-case basis, but that could change, according to Wade Sobkowich, executive director of the Western

Crops, Markets

Glencore in talks to sell further stake in ag unit

By GFM Network News May 6, 2016

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

Crops, Markets

China may pay more for canola if standard changes

By GFM Network News, Rod Nickel April 7, 2016

Winnipeg | Reuters –– Richardson International, one of Canada’s two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing’s costly higher standard, its CEO said Thursday. The Chinese Embassy in Ottawa said in March that China had delayed to Sept. 1 its new standard for no more than one per

Crops, Markets

Glencore sells 40 per cent of agribusiness to CPP

By Dmitry Zhdannikov, GFM Network News April 6, 2016

London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole

Crops

CPP reported in talks for stake in Glencore agribusiness

By GFM Network News, Reuters April 5, 2016

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at

Crops, Markets

Glencore to cut more debt as 2015 profit falls

By GFM Network News March 1, 2016

London | Reuters — Glencore stepped up its debt reduction plan on Tuesday by promising to offload more assets to shore up its finances to cope with a commodities rout that wiped around a third off its 2015 profit. The Swiss mining and trading house, whose agricultural arm includes Canadian grain handling giant Viterra, aims

Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

By GFM Network News, Manitoba Co-operator Staff January 5, 2016

Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash.,

Crops, Markets

Glencore shares jump on debt reduction moves, spending cuts

By GFM Network News, Olivia Kumwenda December 10, 2015

Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt

G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)

Crops, Markets

Not much interest in Glencore ag assets at grain firm G3

By GFM Network News, Rod Nickel October 13, 2015

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking

Daily Network News

Women who fed a nation

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Tag Archives Viterra

B.C. pension funds to get piece of Glencore ag unit

Canadian grain companies wary of unapproved GM crops

Glencore in talks to sell further stake in ag unit

China may pay more for canola if standard changes

Glencore sells 40 per cent of agribusiness to CPP

CPP reported in talks for stake in Glencore agribusiness

Glencore to cut more debt as 2015 profit falls

Ex-Legumex crush plant gets new owners, supply deal

Glencore shares jump on debt reduction moves, spending cuts

Not much interest in Glencore ag assets at grain firm G3

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