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Tag Archives Glencore

(CHS Inc.)
Crops, Markets, Reuters

CHS says Viterra intriguing at right price

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Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more
(Dave Bedard photo)
Crops, Markets

Glencore reported moving ahead on ag stake sale

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Commodities firm Glencore, the owner of Prairie grain-handling heavyweight Viterra, is reported as already moving forward on plans to bring minority investors into its ag business. Glencore announced earlier this month it plans to tame the debt it’s racked up in its recent major expansions, partly through sales of assets and new shares. Those assets, […] Read more
Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)
Crops, Markets, Reuters

Grain handler Scoular on hunt for more Canadian buys

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Winnipeg | Reuters — U.S. crop handler The Scoular Co. is looking to acquire stakes in grain and oilseeds facilities in Western Canada, fresh off agreeing to its first major purchase in the crop-growing belt, the private company’s chief operating officer said Monday. Scoular last week agreed to pay $94 million for the special crops […] Read more
Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Machinery, Markets

Ex-Viterra chief to take Ontario’s Hydro One public

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The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr. […] Read more
(CNW Group/Legumex Walker)
Canola, Crops, Markets, Pulses

Loan called on Legumex’s U.S. canola crusher

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Prairie special crop processor Legumex Walker is weighing its options after major lenders to the company’s U.S. canola crushing arm called their loan. Pacific Coast Canola, a cold-press canola crushing operation at Warden, Wash., about 160 km southwest of Spokane, is 84 per cent owned by TSX-traded, Winnipeg-based Legumex, and 16 per cent owned by commodity […] Read more
The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)
Crops, Markets, Reuters

Andersons shares up after report hints Glencore interest

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Reuters — Shares of U.S.-based agribusiness Andersons Inc. jumped more than six per cent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore could be interested in acquiring the company. The story mentioned Glencore’s interest in expanding its agricultural assets and named Ohio-based Andersons as well as privately held companies Scoular […] Read more
(Dave Bedard photo)
Crops, Markets

Viterra boosts Glencore results

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Commodity giant Glencore saw its earnings from mining and oils drop last year, but saw a 172 per cent increase in its earnings from agricultural trading — largely due to results from Viterra. The world’s largest commodity trader on Monday reported overall EBITDA (earnings before interest, taxes, depreciation and amortization) of $12.8 billion on sales […] Read more

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