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Regions :: North America
Agrium to Buy Viterra's Retail Business in Canada and Australia
4:03 PM MDT | March 20, 2012 | Vincent Valk
Agrium has agreed to purchase 90% of Viterra’s agricultural retail business in Canada, and all of that business in Australia, the company says. The deal is a part of Glencore’s $6.15 billion acquisition of Viterra, a grain handler, which was announced earlier today. The purchase price for the retail assets is $1.16 billion, plus working capital, which should amount to a total of about $1.66 billion, Agrium says. Viterra’s retail business, called its Agri-products business, generated $2.4 billion in revenue and $246 million in Ebitda in...
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