There are conflicting reports late Thursday about how a Glencore-Richardson-Agrium consortium would split the assets of Viterra if a bid were successful.
Reuters quotes the London Financial Times that quotes an unnamed source saying Glencore would take the grain handling operations, Agrium would take Viterra’s 261 farm retail operations and Richardson would take Viterra’s processing operations, which include oats milling and canola crushing in Canada and durum milling in the United States.
Earlier in the day, the Globe and Mail reported unnamed sources saying that Richardson would take some of Viterra’s Canadian elevators and port capacity, Agrium the Canadian farm service operations and Glencore the balance of the Canadian operations and the Australian operations.
It should be emphasized that no company has officially stated its interest in Viterra.
For a more complete report on developments on Thursday see the story accompanying the photo rotation on the home page Producer.com.
