Government to review $8B takeover of Canadian-based grain-handling firm Viterra | CBC News ...Middle East

The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a European-based conglomerate. Viterra is controlled by multinational commodities giant Glencore, which bought the company in 2011. Prior to that, Viterra was known as Saskatchewan Wheat Pool, a Regina-based co-operative that helped stabilize grain prices on behalf of farmers for decades. While Glencore has majority control of Viterra, two major Canadian pension plans — the Canada Pension Plan Investment Board and British Columbia Investment Management Corporation — also own minority interests in the company. Amid a round of consolidation in the commodities sector earlier thi

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