Viterra Inc.: Update on the Foreign Investment Review Board Process
Market Wire, June, 2009
ABB Grain Limited (ASX: ABB) and Viterra Inc. (TSX: VT) have been informed that the Foreign Investment Review Board has advised Viterra Inc. that there are no objections to the proposed scheme of arrangement with Viterra (announced to the Australian Securities Exchange on 19 May 2009) in terms of the Australian Government's foreign investment policy.
The transaction remains subject to other regulatory, shareholder and court approvals, as well as other conditions.
About Viterra
Viterra Inc. is Canada's leading agribusiness, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States, Japan, Singapore and Geneva. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between Prairie farmers and destination customers. The Company's common shares are listed on the TSX under the symbol VT.
About ABB
ABB Grain Ltd. is a leading Australian agribusiness with a multi-faceted operation and international focus. ABB's diversified operations stretch across the entire supply chain. The company's core business divisions include national supply chain, grain marketing, malt and rural services. ABB employs 1100 staff across its divisions throughout Australia and its international operations.
Contacts: Viterra Inc. Website: www.viterra.com
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