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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
G3 Canada today operates 24 elevators and grain terminals across Canada. Its majority owner, G3 Global Holdings, also owns G3's export terminal at Vancouver in partnership with Western Stevedoring Co.
Crops, Features, Markets

What’s happening with your shares in G3?

How your stake in the equity trust set up for Prairie farmers sits today

By
Glacier FarmMedia — An owner of G3 Canada it may be, but Farmers Equity Trust won’t be a suitor for Bunge’s separate ownership stake in G3, if Ottawa decides to require a sale as part of its review of Bunge’s proposed takeover of Viterra. “The trust has no cash resources to invest that way, and […] 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, Viterra confirm marriage plans

Firms to merge under Bunge banner

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The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more
A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)
Crops, Markets

Prairie drought spurs record imports via Trois-Rivieres

G3 terminal reports record incoming grain handle

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Agrifood firms unable to source enough grain domestically due to last year’s drought have imported a record amount through a major St. Lawrence River grain terminal this year. Winnipeg grain handler G3, whose grain terminal at Trois-Rivieres, Que. has storage capacity for 109,000 tonnes, reported Wednesday the terminal has so far unloaded over 160,000 tonnes […] Read more
G3’s Prairie West elevator west of Plenty, Sask. (G3.ca)
Crops

Retailer takes over G3 ag input site

The Rack takes up ag retail business at Plenty, Sask.

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A western Saskatchewan ag retail chain has expanded its footprint in that region after closing a deal for a G3 grain elevator’s crop input business. G3 announced Monday it had completed the sale of the ag input business adjacent to its elevator west of Plenty, Sask., to Saskatchewan input and bulk fuel dealer Rack Petroleum, […] Read more
Then-federal Agriculture Minister Gerry Ritz (second from right) announces G3’s plan to take a majority stake in CWB in April 2015 in Winnipeg. (Dave Bedard photo)
Crops

Farmers’ CWB class action lawsuit gets certified

Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board

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A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the […] Read more
File photo of a G3 primary elevator. (G3.ca)
Crops

G3 planning two more Prairie elevators

Northeastern Saskatchewan, Peace sites in works

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Grain handler G3 has added a pair of new grain elevators — one in Alberta’s Peace region, the other in northeastern Saskatchewan — to its drawing board. The Winnipeg-based company announced Monday it will build new facilities at Rycroft, Alta. and Melfort, Sask., with construction starting later this year on both toward completion in early […] Read more

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