Read more about our harvest recruitment. I love the diversity of the company and the variety of areas you are exposed to.
That's what we were focused on," said Brian Gibson, a director of Viterra and senior vice-president of public equities with Alberta Investment Management Corp.
Story continues below advertisement "We were willing to put substantial additional capital into Viterra for the right reasons," Mr. Gibson said in an interview.
Viterra did make at least one unsuccessful multibillion-dollar takeover bid of its own in the past year but, in general, prices were too high "to make the numbers work," he added. Gibson declined to comment. As consolidation activity heated up in recent months, "the bids [for Viterra]just came out," he said.
Gibson said of the deal announced on Tuesday. That likely would have required "a couple of big moves" in Eastern Europe by the company, Mr.
Story continues below advertisement Story continues below advertisement At that time, Mr. Gibson had recently joined AIMCo and was looking to repeat the success he had had at the Ontario Teachers' Pension Plan in "relationship investing" by providing both capital and strategic advice to help companies build value.
After repeated attempts by AIMCo to push for more of a say and involvement in the Viterra's direction, the company opened a spot on its board for Mr.
Gibson said he doesn't have any conflicting thoughts about the sale of Viterra, as "my job is to look after my clients" — who will benefit given that AIMCo will roughly double its investment in the company, if the sale is approved. The Viterra sale is the second time Mr. Gibson's ambitions in the agriculture sector have been thwarted, but with lucrative results.
They were trumped in a bidding war by Saskatchewan Wheat Pool, which then changed its name to Viterra, sold some of the assets to Richardson — and left Teachers more than doubling the size of its 9.The Western Producer delivers Canadian farmers the latest in agricultural news, production, and technology as well as podcasts, videos, and market data.
Entrepôts d'attente Exploitant d’entrepôt d’attente et codes secondaires Légende des types d'entrepôt AA Entrepôt d'attente – aérien AH. Viterra Rail Asset Management Plan Viterra Adelaide, South Australia, Australia. result in significant savings from planned works as opposed to reactive works on their network which impacts their key business of grain storage and transport.
Daily Great Lakes and Seaway Shipping News. The complete news source for shipping news, pictures and events. Covering all vessels and ports on the Great Lakes, Welland Canal and Seaway.
CN believes that a collaborative approach to grain transportation will drive stronger results for the entire grain supply chain. This first annual public Grain Plan is the product of extensive consultation with key stakeholders, and reflects the valuable feedback they have provided.
AIMCo executive says his presence on the board was part of a plan to turn the company into a large 'international Canadian-owned grain company'.