Viterra

Viterra Weyburn and Elbow Lake Co-op Grain win CPKC 2022-2023 Elevator of the Year Award

Retrieved on: 
Tuesday, December 12, 2023
Automotive industry, Intermodal transport, Safety, NYSE, Investment, CPKC, AB, Elbow, Marketing, Grain, Viterra, Farmer, CP, TSX, Weyburn

Viterra in Weyburn, Sask., is a valued customer and first-time winner of the CPKC Elevator of the Year award.

Key Points: 
  • Viterra in Weyburn, Sask., is a valued customer and first-time winner of the CPKC Elevator of the Year award.
  • Viterra has shown efficient and safe practices with each unit-train loaded at the site while moving an impressive amount of grain.
  • In addition, Elbow Lake Co-op leveraged the expanded CPKC network with multiple corn trains to Mexico from legacy CP origin.
  • Grain elevators interested in this award should contact their CPKC account manager for information on the eligibility criteria.

Bunge Shareholders Approve Viterra Combination

Retrieved on: 
Thursday, October 5, 2023
Retail, Agriculture, Natural Resources, Food, Beverage, NYSE, Acquisition, Viterra, Farmer, Bangladesh Securities and Exchange Commission, Limited, Bunge Limited, Bunge, Security (finance)

Bunge Limited (NYSE: BG) (“Bunge”) today announced the results of its extraordinary general meeting (“EGM”) of its shareholders, which was held today.

Key Points: 
  • Bunge Limited (NYSE: BG) (“Bunge”) today announced the results of its extraordinary general meeting (“EGM”) of its shareholders, which was held today.
  • Shareholders approved the acquisition of Viterra Limited, including the issuance of 65,611,831 common shares, par value $0.01 per share, of Bunge Limited.
  • “We appreciate our shareholders’ vote of confidence in our strategy to position Bunge as a premier global agribusiness solutions company through the merger with Viterra,” said Greg Heckman, Bunge CEO.
  • The final vote results will be reported in a Form 8-K to be filed by Bunge with the Securities and Exchange Commission.

BCI Signs Agreement in Support of Proposed Merger Between Viterra and Bunge

Retrieved on: 
Tuesday, June 13, 2023
BCI, Fats, Glencore, Agriculture, Climate change, Crown corporations of Canada, Bunge Limited, Food security, NYSE, CPP Investment Board, Bunge, Viterra

Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.

Key Points: 
  • Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.
  • BCI owns 10 per cent of Viterra and will exchange its ownership for a minority stake in the combined entity and cash upon the close of the transaction.
  • Viterra is a leading, global agriculture network, which connects producers to consumers with sustainable, traceable, and quality-controlled agricultural products.
  • Bunge is a leader in oilseed processing and a significant global producer and supplier of plant-based oils and fats.

Bunge and Viterra to Combine to Create a Premier Diversified Global Agribusiness Solutions Company

Retrieved on: 
Tuesday, June 13, 2023
Retail, Logistics, Supply Chain Management, Transport, Agriculture, Natural Resources, Food, Beverage, Other Transport, Acceleration, Workforce, LSE, CPP Investment Board, GLEN, Repurchase agreement, Investment, Glencore, Farmer, BofA Securities, Multimedia, Latham & Watkins, Carbon, Shareholders' agreement, Grain, Gentlemen's agreement, Organization, Share repurchase, Limited, CPP, Crown corporations of Canada, Risk, Bunge Limited, Growth, EPS, Sumitomo Mitsui Banking Corporation, Food security, Environment, Demand, NYSE, Bank, Security (finance), Renewable energy, Management, Cryptocurrency, Bunge, Viterra

The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.

Key Points: 
  • The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.
  • As part of the transaction, Bunge will assume $9.8 billion of Viterra debt, which is associated with approximately $9.0 billion of highly-liquid Readily Marketable Inventories.
  • In addition, Bunge plans to repurchase $2.0 billion of Bunge’s stock (the “Repurchase Plan”) to enhance accretion to adjusted EPS.
  • Viterra Chief Executive Officer David Mattiske will join the Bunge Executive Leadership Team in the role of Co-Chief Operating Officer.

Gavilon re-brands to Viterra across the U.S. and Mexico

Retrieved on: 
Monday, February 27, 2023
Growth, Agriculture, Gavilon, Drug, Viterra

OMAHA, Neb., Feb. 27, 2023 /PRNewswire/ - Gavilon is pleased to announce that effective today it will be known as Viterra, and the Viterra brand will begin to be implemented across its business in the United States and Mexico.

Key Points: 
  • OMAHA, Neb., Feb. 27, 2023 /PRNewswire/ - Gavilon is pleased to announce that effective today it will be known as Viterra, and the Viterra brand will begin to be implemented across its business in the United States and Mexico.
  • Omaha, Nebraska will continue to be the headquarters for Viterra's U.S. and Mexico business.
  • "Today's launch of the Viterra brand across our operations in the U.S. & Mexico sets the stage for the continued growth and investment across our network," said Rayner Freyberg, CEO of Viterra US & Mexico.
  • Today the Viterra name and logo will begin to roll out across the U.S. and Mexico and this process will continue until all aspects of the Gavilon brand have been updated.

Various Companies, Organizations & Government Entities Express Strong Support for Transportation Funding to Upgrade the Intersection of WA-17 & WA-170 near Warden, WA

Retrieved on: 
Tuesday, October 25, 2022
Port, Congestion, Washington State Department of Transportation, SR 170, Growth, Washington State Legislature, Organization, Washington State Legislative Youth Advisory Council, Multimedia, Viterra, Economic development, SR 17, Safety, Rocky Mountains, WSDOT, Transport

The growth in traffic and freight has also brought on safety concerns at the intersection, as during certain times of the day, it is very difficult to safely enter or exit the intersection.

Key Points: 
  • The growth in traffic and freight has also brought on safety concerns at the intersection, as during certain times of the day, it is very difficult to safely enter or exit the intersection.
  • As traffic continues to increase at the intersection, WSDOT has identified measures that could further improve safety and reduce serious collisions.
  • In particular, WSDOT has concluded that a roundabout would be the best option to help reduce collisions and improve access on and off the highway at this intersection.
  • For example, Viterra's Canola Oilseed Processing Facility in Warden, WA "is the largest commercial-scale canola processing facility west of the Rocky Mountains."

Adecoagro approved a cash dividend of $35 million. Net sales in 1Q22 of $201 million, 18.1% higher year-over-year

Retrieved on: 
Thursday, May 12, 2022
Internet, Risk, Company, Natural gas, International, EBITDA, Lluís Companys, Depreciation, Crop, Imperial Solar Energy Center South, Share repurchase, Mission statement, Income, Rice, Ethanol, Steam, BRL, Industry, Metso Outotec, Weather, Carbon, Methane, Bloomberg, Mato, NCFO, Sale, IFRS, International Financial Reporting Standards, Non, Acquisition, Phrase, Viterra, Reuters, NYSE, Security (finance), Agriculture, Renewable energy, Cryptocurrency, Holding company, Public relations

Adjusted EBITDA in the Sugar, Ethanol & Energy business was flattish year-over-year despite lower crushing, on account of strong sales.

Key Points: 
  • Adjusted EBITDA in the Sugar, Ethanol & Energy business was flattish year-over-year despite lower crushing, on account of strong sales.
  • Adjusted EBITDA in our Sugar, Ethanol & Energy business reached $57.3 million in 1Q22, only 1.5% lower compared to 1Q21.
  • Crushing volume during 1Q22 amounted to 0.3 million tons as we resumed harvesting activities in our Cluster in mid-March, following a short interharvest period.
  • A conference call to discuss 1Q22 results will be held on May 13, 2022 with a live webcast through the internet:

Port of Warden Unveils New Map Highlighting its Connections to Interstate 90 and SR 17 and its Considerable Infrastructure

Retrieved on: 
Monday, March 28, 2022
U, Natural gas, Map, Heart, Seed, Viterra, Washington State Route 17, Partnership, Connors, I-90, Growth, Multimedia, Interstate 90, Airport, Moses Lake, Columbia Basin Project, MDU Resources, Wheeler Road, United States Bureau of Reclamation, Columbia Basin, Columbia Basin Railroad, Interstate Highway System, Pacific Northwest, Connell, Rocky Mountains, CHS, Mark (given name), Jon Baker (producer), Economic development, State, PUD, Water, Potholes Reservoir, City, Warehouse, Oil

In particular, the Port of Warden's new map more clearly shows how Port of Warden's boundaries cross Interstate 90 and Wheeler Road to the north, encompassing the U-Road and I-90 Freeway Interchange.

Key Points: 
  • In particular, the Port of Warden's new map more clearly shows how Port of Warden's boundaries cross Interstate 90 and Wheeler Road to the north, encompassing the U-Road and I-90 Freeway Interchange.
  • Furthermore, the Port's boundaries touch Potholes Reservoir, a major irrigation storage reservoir to the west of Warden.
  • Nearly 100,000 people live within 35 miles of Warden, WA, while about 500,000 people reside within 70 miles of Warden.
  • Additionally, the Port of Warden is close to major regional airports in Pasco, Washington and Spokane, Washington.

Emmertech closes $60M fund to help fuel Canada as a global agtech leader

Retrieved on: 
Tuesday, January 18, 2022
Lucent, Fund, CAD, The Mosaic Company, Nutrient, Agtech, CVC, GLOBE, Solution, Farmer, BC, Industry, Efficiency, Food, Agriculture, Environment, Innovation Saskatchewan, LP record, Senior, Investment, AG, Potash, Pension fund, Viterra, Mosaic, Growth

Emmertech is an agtech focused venture capital fund managed and operated by Conexus Venture Capital Inc. (CVC) that invests in Canadian agtech companies from farm to fork with a special focus on where technology meets farm.

Key Points: 
  • Emmertech is an agtech focused venture capital fund managed and operated by Conexus Venture Capital Inc. (CVC) that invests in Canadian agtech companies from farm to fork with a special focus on where technology meets farm.
  • Innovation Saskatchewan is also an investor in the Fund with a $15 million contribution.
  • This investor base is a key differentiator for Emmertech as it aligns the Fund, its portfolio companies, and investors in driving significant value across the Canadian agriculture ecosystem.
  • We first started as a grassroots fund, building from the industry upwards starting with farmers and local agribusiness owners, said Sean OConnor, Managing Director of Conexus Venture Capital Inc. & Emmertech.

ISC Announces Appointment of Chief Financial Officer

Retrieved on: 
Thursday, December 16, 2021
Conversation, Solution, Financial statement, Company, History, Toronto Stock Exchange, Consolidated, SA, SEDAR, Growth, Technology, Information Services Corporation, Viterra, ISV, ISC, CEO, MACOM Technology Solutions, Management, CFO, Bayer, Legislation, Information management, GLOBE, TSX, Analysis, Record, News, Risk management, Western Canada

REGINA, Saskatchewan, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) ("ISC" or the "Company") today announced the appointment of Robert (Bob) Antochow as the Company's Chief Financial Officer (CFO), effective February 1, 2022.

Key Points: 
  • REGINA, Saskatchewan, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) ("ISC" or the "Company") today announced the appointment of Robert (Bob) Antochow as the Company's Chief Financial Officer (CFO), effective February 1, 2022.
  • Mr. Antochow is currently the Senior Director, Finance for ISC and will succeed Shawn Peters as CFO.
  • Shawn Peters, President and CEO designate commented, "I am very pleased that we are able to announce Bob's appointment as CFO, effective February 1, 2022.
  • Since joining ISC in 2015, Bob has been a key part of building an exceptional finance function within ISC.