salic Archives | Page 2 of 2

Glencore reported in talks on agriculture assets

By Clara Denina, Euan Rocha, Sarah McFarlane October 2, 2015

Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to […] Read more

G3 CEO Karl Gerrand, shown here Wednesday in Winnipeg, says the new company is interested in further ag-related investments across the country. (Dave Bedard photo)

Crops, Markets

G3 sees opportunities to expand in Canadian ag sector

By Tom Polansek April 16, 2015

Reuters — A joint venture of a state-owned Saudi Arabian investment firm and U.S. grain trader Bunge is interested in making further investments in Canada’s farm sector after striking a deal to take control of grain handler CWB, the new j.v.’s CEO said Wednesday. G3 Global Grain Group, a joint venture of Bunge and Saudi […] Read more

“I don’t see farmers shying away” from taking equity in CWB, Agriculture Minister Gerry Ritz said Wednesday. (Dave Bedard photo)

Crops, Markets

Guenther: Farmers keep minority stake in CWB, for now

By Lisa Guenther April 15, 2015

While G3 Global Grain Group is set to scoop a majority stake in CWB, grain farmers will be able to hold onto some equity in the former Canadian Wheat Board over the next seven years at the least. G3 is a new joint venture between Bunge Canada and Saudi Agricultural and Livestock Investment (SALIC) Canada, […] Read more

G3’s Karl Gerrand, CWB CEO Ian White, Agriculture Minister Gerry Ritz and CWB chief strategy officer Dayna Spiring (from left) announce G3’s $250 million plan to take a majority stake in CWB. (Dave Bedard photo)

Crops, Markets

Bunge, Saudi Arabia to buy control of CWB

By Dave Bedard April 15, 2015

Agribusiness giant Bunge and the Saudi Arabian government’s ag investment arm are the joint “successful acquirer” of the former Canadian Wheat Board. Bunge Canada and SALIC Canada, an arm of the Saudi Agricultural and Livestock Investment Co., on Wednesday announced their new Winnipeg-based joint venture, G3 Global Grain Group, will pay $250 million to CWB […] Read more

Tag Archives salic — page 2

Glencore reported in talks on agriculture assets

G3 sees opportunities to expand in Canadian ag sector

Guenther: Farmers keep minority stake in CWB, for now

Bunge, Saudi Arabia to buy control of CWB

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