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Viterra’s Coulter Avenue elevator in Winnipeg on Jan. 22.
Columns, Editor's column

Editor’s Rant: Canadian graffiti

The government's conditions for a Bunge/Viterra marriage left much to be desired

By
I’ve got to admit, I’ve never fully understood the geometry behind federal regulators’ decisions on which assets a company has to sell in exchange for clearance on a big merger or takeover. There may well have been a solid reason why, after Husky sold off its retail gas stations in 2022, our neighbourhood wound up […] Read more
viterra
Crops, News

Ottawa blesses Bunge’s Viterra takeover, with conditions

Merged firm must sell six elevators, keep distance from G3

By
Canada’s federal government will allow the acquisition of major Canadian grain firm Viterra by one of the world’s biggest grain industry players, but not without conditions. Federal Transport Minister Anita Anand on Tuesday announced the government’s decision to approve Viterra’s acquisition by U.S.-based Bunge, the ‘B’ in the ‘ABCD’ group of the world’s most influential […] Read more
Crops, Markets

Would Bunge have to get out of G3?

By
Good question. While we don’t yet have an answer, the federal Competition Bureau’s recent language suggests Bunge’s continued part-ownership of G3 would be a regulatory sore spot in a merger with Viterra. The basic background: U.S.-based Bunge, the “B” in the “ABCD” group of companies that handle the bulk of global grain trade, last June […] Read more
Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops, Markets

Bunge seeks antitrust approvals for Viterra merger in major jurisdictions

Commodities market competition healthy in Canada, U.S., CEO says

By
Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has gotten the green light from some of its smaller markets including Colombia, CEO Greg Heckman said on Thursday. The merger, which would create a company […] Read more
(Bunge video screengrab via Vimeo)
Crops, Markets

Bunge shareholders bless Viterra wedding

Company still expects to close deal mid-2024

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Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday announced the results of an extraordinary general meeting of shareholders, in which they approved the acquisition of Viterra and a related issue of about 65.6 […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General, Markets, Reuters

Trudeau summons top grocers over rising food prices

Major grocers' level of profit 'does not make sense,' PM says

By
Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
Canada Malting’s processing plant in Montreal. (CanadaMalting.com)
Barley, Crops

Bureau won’t challenge takeover of Canada Malting parent

U.K. also has 'no further questions'

By ,
The owner of one of Canada’s major commercial maltsters says its takeover by a major French peer won’t be challenged by Canada’s antitrust regulator. United Malt Group, whose Canadian assets operate under the Canada Malting banner, last month locked in on a previously announced deal to sell itself to France’s Malteries Soufflet for A$1.5 billion […] Read more
An air-fryer grilled cheese and ham sandwich. (Dempsters.ca)
Cereals, Crops, Markets

Canada Bread fined $50 million over price-fixing

'Leniency' settlement follows breadmaker's guilty plea

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A storied Canadian producer of bread and bakery products has a month to pay a $50 million fine for price-fixing in an ongoing federal probe which still has eyes on several major retailers. Ontario’s Superior Court on Wednesday sentenced Toronto-based Canada Bread Co. after the company pled guilty to four counts of fixing bread prices […] Read more

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