Viterra Completes Transfer of Certain Assets to Agrium - Viterra Completes Transfer of Certain Assets to Agrium - Canada
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REGINA, SASKATCHEWAN--(Marketwired - Oct. 1, 2013) - Viterra Inc. (Viterra) is pleased to announce that it has transferred to Agrium Inc. (Agrium): (i) certain crop input retail centres, fertilizer and ammonia storage and distribution assets in western Canada; (ii) Viterra Financial™ arrangements related to crop input retail centres; (iii) Viterra's interest in Interprovincial Cooperative Limited; and (iv) the western Canadian fuel business, in accordance with the provisions of the support and purchase agreement between, among others, Viterra and Agrium (the Agrium Agreement).
Cautionary Statement on Forward-Looking Information
Certain information in this press release is "forward-looking information" within the meaning of applicable Canadian securities legislation and is prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and is therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking information.
Forward-looking information is also necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Viterra cautions the reader that such forward-looking information involves known and unknown risks, uncertainties, and other factors that could cause actual results, performance or achievements of Viterra to differ materially from any future results, performance or achievements expressed or implied by such forward-looking information. In addition to general economic conditions, there are specific risks including, but not limited to, the risks described in Viterra's most recent Annual Information Form and those factors discussed in Viterra's Management's Discussion and Analysis for the year ending October 31, 2012 under the heading "Risks and Risk Management". Viterra can give no assurance that such forward-looking information will prove to have been correct.
The reader is cautioned not to place undue reliance on this forward-looking information, which speaks only as of the date of this press release.
Viterra disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, further events or otherwise, except as required by applicable law.
Headquartered in Regina, Saskatchewan, Viterra is the leading grain and oilseeds marketer and handler in Canada and throughout North America where Viterra operates. Viterra buys, markets and handles western Canadian grain, partnering with growers to help them market and deliver their grains in more ways and to more markets, than any other company in the industry. Viterra has industry-leading marketing, facilities and logistics capabilities, as well as handling, processing, distribution, transportation and storage assets. Viterra is part of the Agricultural Business Segment of Glencore. Glencore is a producer and marketer of more than 90 commodities, supported by a global network of 90 offices in 50 countries, and employing approximately 190,000 people worldwide.
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