September 2009 Archives
Earlier this year Viterra
announced its intention to acquire ABB Grain Ltd. of Australia. Last week ABB
Grain shareholders voted 83% in favour of removing the shareholder cap from
their constitution; the removal allows Viterra to move another step towards completing
a $1.6 billion takeover of ABB Grain. With the purchase of ABB Grain, Viterra
is set to become a major grain marketing company with sourcing in two
hemispheres; together Australia and Canada account for 37% of exports of wheat,
barley and canola. The Australian Broadcasting Corporation (ABC) recently
interviewed me about the Viterra/ABB Grain merger. The following are some of my
thoughts.
Continue reading Viterra Australia - What Might Happen Down Under?.
