Transaction|December 17, 2012
Glencore completes acquisition of Viterra
Torys acted as counsel to Viterra, working with an in-house team led by Jim Bell, Senior Vice President and General Counsel. The Torys team was led by Jamie Scarlett, Patrice Walch-Watson and John Emanoilidis, and included in Toronto: Corrado Cardarelli, Omar Wakil, Jay Holsten, Tom Zverina, Andrew Wong, Damien Liddle, Dean Kotwal, Adam Freedman, Eli Monas, Matthew Atkey, Lynne Lacoursière, Mitch Frazer, Andrew Gray, Harry Cherniak, Scott Bell, John Cameron, Vitali Berditchevski; and in Calgary: Mike Pedlow, Shannon Lewis; and in New York: James Guadiana, Peter Keenan, David Mattingly, Andy Beck, Christopher Caparelli, David Wawro and Jay Romagnoli.
On December 17, 2012, Glencore International plc (Glencore) and Viterra Inc. (Viterra) announced that Glencore completed the acquisition of Viterra. The acquisition brings Glencore immediate critical mass in the key grain markets of North America through Viterra's substantial Canadian operations. Viterra also materially expands Glencore's existing operations in Australia. The acquisition reinforces Glencore's position as one of the world's leading commodity suppliers.
Glencore anticipates all integration projects, including the divestment of certain assets to Agrium Inc. and Richardson International Limited, will be completed by the end of 2013. Until the time of divestiture, Glencore will continue to support these assets.
Glencore International has three segments: metals and minerals, energy products and agricultural products.
Viterra is a vertically integrated global agri-business company operating in three interrelated business segments: Grain Handling and Marketing, Agri-products and Processing.
Further information can be found on Canada Newswire's website.
Glencore anticipates all integration projects, including the divestment of certain assets to Agrium Inc. and Richardson International Limited, will be completed by the end of 2013. Until the time of divestiture, Glencore will continue to support these assets.
Glencore International has three segments: metals and minerals, energy products and agricultural products.
Viterra is a vertically integrated global agri-business company operating in three interrelated business segments: Grain Handling and Marketing, Agri-products and Processing.
Further information can be found on Canada Newswire's website.