Canada and Australia
April 28, 2009
Viterra Inc. (Viterra) today confirmed a report that they
are in discussions regarding a possible strategic transaction
with ABB Grain Ltd.
(ASX:ABB). These discussions are ongoing and the parties are
engaged in continuing negotiations and due diligence activities.
No transaction has been agreed to at this time, the current
discussions are non-binding and no assurance can be given that
any agreement on a transaction will be reached.
Viterra Inc. is Canada's leading agribusiness, with extensive
operations and distribution capabilities across Western Canada,
and with operations in the United States, Japan, Singapore and
Geneva. The Company is diversified into sales and services of
crop inputs and equipment, grain handling and marketing,
livestock feed, agri-food processing and financial products.
These operations are complemented by value-added businesses and
strategic alliances, which allow Viterra to leverage its pivotal
position between Prairie farmers and destination customers. The
Company’s common shares are listed on the Toronto Stock Exchange
under the symbol VT.
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