Grain-handling giant Viterra sold
Posted Mar 20, 2012 7:27 am.
This article is more than 5 years old.
Grain-handling company Viterra Inc. has agreed to be acquired by Switzerland-based Glencore International in a deal valued at $6.1 billion.
The company says the transaction, worth $16.25-per share, also includes an agreement that will see two major Canadian agribusinesses pick up certain assets.
Calgary-based Agrium Inc. and Richardson International, based in Winnipeg, will buy the majority of Viterra’s Canadian assets for $2.6 billion in cash.
Part of the agreement includes keeping Viterra’s North American head office in Regina.
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