top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel NewsWomen in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

  • By Lynda Kiernan-Stone, Global AgInvesting Media

Against the Grain: Canada’s G3 Not Interested in Glencore Assets Sale

G3 Canada Ltd., the joint venture grain handler formed between Saudi Arabia’s Saudi Agricultural & Livestock Investment Company (SALIC) and Bunge Ltd, does not have any interest in bidding for Glencore’s agricultural business, according to the company’s chief executive, Karl Gerrand.

Glencore recently announced it will be selling down its agricultural assets as part of a plan to cut its $30 billion debt load by a third and re-strengthen its position, garnering widespread attention from multinational pension funds, sovereign wealth funds, corporations, and investment funds.

Glencore’s ag assets include Viterra Inc., one of Canada’s largest grain handlers, but Mr. Gerrand told Reuters that he would not comment on whether G3 has had discussions with Glencore, adding, “Should there be something of interest to us that would make sense, we would certainly look at it, but at this point I'm not really seeing that there is much there that would be of interest to us."

G3 did say, however, that it has started construction of a grain terminal at the Port of Hamilton, Ontario that will have 50,000 tons of storage to be operational for 2017, and is examining the possibility of the addition of a grain terminal at Port Metro Vancouver, British Columbia. At the same time the group is planning to either build or buy between eight and ten grain elevators across Alberta and Saskatchewan.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image


Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration:

bottom of page