Viterra Receives Overwhelming Shareholder Approval for Purchase of Lethbridge Inland Terminal Ltd. - Viterra Receives Overwhelming Shareholder Approval for Purchase of Lethbridge Inland Terminal Ltd. - Canada
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REGINA, SASKATCHEWAN--(Marketwired - Jan. 20, 2014) - Viterra Inc. ("Viterra"), Canada's grain industry leader, is pleased to announce that shareholders of Lethbridge Inland Terminal Ltd. ("LIT") have overwhelmingly approved Viterra's offer to purchase certain assets of LIT, including a high throughput grain elevator with a capacity of 42,000 metric tonnes. The agreement was originally announced in a news release on December 28, 2013, and remains subject to certain closing conditions, including regulatory approvals.
Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back nearly 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realize the full potential of their crops. For more information on Viterra in North America, please visit www.viterra.com. Viterra is part of the Agricultural Business Segment of Glencore.
Lethbridge Inland Terminal Ltd. is a southern Alberta producer-owned and controlled grain handling company with a facility located immediately south of Lethbridge. LIT has a shareholder base of approximately 150 southern Alberta farmers including a number of Hutterite Colonies as well as large corporate and small to medium sized family farms. These investors represent over 1.5 million acres of irrigated and dryland production. Please visit www.literminal.ca for more information on LIT.