“Our agreement with Glencore will enhance both our grain processing and processing capabilities and help meet the growing needs of western Canadian farmers. This expansion of our business is in line with our focus on growing our business and maintaining strong relationships with our customers, suppliers and communities,” added Curt Vossen, President of Richardson International. The checklist, ready for evaluation, aims to provide a summary of the sustainability requirements that rapeseed producers must meet in order to be certified under this voluntary program. Specific questions regarding the requirements and documents needed to prepare an assessment should be directed to your local grain farmers. Each company has its own program, so they are in the best position to answer your question and help you decide if this program is right for you. The Canadian oilseed rape industry uses two international sustainability certification schemes for its certification, the International Sustainability and Carbon Certification (ISCC) and the Biomass Biofuel, Sustainability Voluntary Scheme (2BSvs). Following Glencore`s asset sale agreements with Agrium Inc. (“Agrium”) and Richardson International Limited (“Richardson International”), the transaction is expected to lead to a stronger competitive landscape for Canadian farmers. Where appropriate, Glencore also intends to allow third parties access to its settlement infrastructure at prevailing market prices. Glencore International plc (“Glencore”) and Viterra Inc.
(“Viterra”) announced today that they have signed a final agreement pursuant to which Glencore has agreed to acquire all of the issued and outstanding shares of Viterra for C$16.25 per share in cash, through a court-approved plan of arrangement. The transaction price represents a premium of 48% to Viterra`s closing price on the Toronto Stock Exchange of C$10.98 on March 8, 2012, the day before Viterra announced that it had received expressions of interest regarding a potential transaction and 55% over Viterra`s volume weighted average price of C$10.48 per share, which ended on March 8, 2012. The transaction values Viterra`s equity at approximately $6.1 billion on a fully watered-down basis. The transaction will be financed by Glencore`s existing liquidity and available credit facilities. In 2017, Viterra invested in seven new hydrocarbon reservoirs and seven more will be installed in 2018 as part of an ongoing program to improve the company`s environmental sustainability. The final agreement between Glencore and Viterra provides, among other things, for an agreement to ban Viterra`s debauchery, subject to the usual “fiduciary” provisions that allowed Viterra to consider and accept a superior proposal, a right in Glencore`s favor to respond to any superior proposal. If the final agreement is terminated in certain circumstances, including if Viterra enters into an agreement regarding a superior proposal or if the Board of Directors withdraws or modifies its recommendation regarding the proposed transaction, Glencore will be entitled to a termination payment of $185 million. The agreements are subject to normal closing conditions, including shareholder approval at a special meeting on December 13. If these conditions are met, the transaction is expected to close on December 19. Gdt AgServices has entered into a separate asset sale agreement for Riverbend Co-operative Ltd. .