Viterra Archives - Page 9 of 9

Glencore reported moving ahead on ag stake sale

By Grainews Staff, GFM Network News September 28, 2015

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

By Rod Nickel, GFM Network News September 21, 2015

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

By Grainews Staff, GFM Network News August 20, 2015

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

The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)

Crops, Markets, Reuters

Andersons shares up after report hints Glencore interest

By Reuters, GFM Network News March 20, 2015

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

Crops, Markets

Viterra boosts Glencore results

By Grainews Staff, GFM Network News March 4, 2015

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

Crops

Ex-Viterra chief returns to Agrium board

By GFM Network News January 19, 2015

No longer lined up to lead Louis Dreyfus’ global commodities operations, Mayo Schmidt is back on the board of one of the world’s major ag retail and fertilizer firms. Schmidt — previously CEO at Viterra, Canada’s biggest grain handling firm, from 2000 to 2012 — had stepped down last month from Calgary-based Agrium’s board of directors in light of […] Read more

Crops, Markets

Ex-Viterra chief dropped as Dreyfus’ CEO-elect

By Grainews Staff, GFM Network News December 31, 2014

The terms by which Mayo Schmidt would lead Louis Dreyfus’ commodities business have led the company and its chosen CEO to part ways. Offering no further details, Louis Dreyfus Commodities said Wednesday the company and the former Viterra CEO “have jointly decided not to proceed” with Schmidt taking the helm, “while retaining the highest mutual […] Read more

Crops, Markets

Ex-Viterra CEO to lead Dreyfus’ commodities business

By Grainews Staff, GFM Network News November 28, 2014

The CEO who stitched Viterra together from Canada’s Prairie pools has been named to lead Louis Dreyfus’ global commodities business. Mayo Schmidt was announced Friday as the new CEO of Louis Dreyfus Commodities (LDC), the “D” of the four “ABCD” companies dominating the global grain business. Schmidt takes the reins at Rotterdam-based Dreyfus effective Jan. […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Tag Archives Viterra

Glencore reported moving ahead on ag stake sale

Grain handler Scoular on hunt for more Canadian buys

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

Andersons shares up after report hints Glencore interest

Viterra boosts Glencore results

Ex-Viterra chief returns to Agrium board

Ex-Viterra chief dropped as Dreyfus’ CEO-elect

Ex-Viterra CEO to lead Dreyfus’ commodities business

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