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People & Business :: Companies

Agrium closes acquisition of Viterra's retail business in Canada, Australia

3:16 PM MDT | October 1, 2013 | Lindsay Frost

Agrium announced today that it has completed its previously announced acquisition of Viterra’s (Regina, SK) Canadian and Australian retail assets for C$300 million ($290 million), which includes an estimated new working capital of C$300 million, the company says. The purchase agreement includes 90% of Vieterra’s business in Canada, and all of its business in Australia. The deal is a part of Glencore’s $6.15 billion acquisition of Viterra, a grain handler, announced in March 2012. "Viterra's assets are an excellent strategic fit for Agrium...

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