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Saskatchewan asks for conditions in its review of Glencore-Viterra

By  |  May 13, 2012

Saskatchewan’s Agriculture Minister Bob Bjornerud has released a review of Viterra’s proposed acquisition by Glencore. The province had commissioned an independent review of the acquisition by Informa Economics.

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    The report identifies potential anticompetitive effects on farm inputs that must be considered by the Canadian government in its review. It requests that the following conditions be guaranteed, if the deal is approved:

        establishes Regina as its North American headquarters;
        maintains or enhances current levels of employment in field operations;
        invests in the western Canadian grain handling industry by increasing capital expenditures by $100 million over five years;
        continues strong commitment to funding research and development, including investment in the proposed Global Institute for Food Security;
        continues Viterra’s support for community-based and philanthropic activities and investments; and
        has no adverse effect on competition in farm inputs.

    Full content: Government of Saskatchewan Press Release

     

    Related content: Antitrust Legislation and Policy in a Global Economic Crisis—A Canadian Perspective (Anita Banicevic, George Addy & Mark Katz, Davies Ward Phillips & Vineberg LLP)

     

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