Viterra, Bunge $8.2B merger officially completed
This US$8.2-billion deal was finalized nearly six months after the Canadian government approved the merger, having included specific terms and conditions to address competition concerns.
According to a media release, Bunge's CEO, Greg Heckman, stated that this union creates a more robust organization with enhanced capabilities and expertise.
Viterra, a grain-handling business formerly known as the Saskatchewan Wheat Pool, operates over 80 facilities across Canada.
As part of the new structure, former Viterra CEO David Mattiske now serves as Co-Chief Operating Officer on Bunge's Executive Leadership Team.
He joins Julio Garros, who previously held the role of Bunge's Co-President of Agribusiness.
This report by The Canadian Press was first published July 3, 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
17 minutes ago
- Winnipeg Free Press
Norwegian company has plans for LNG export project in Quebec
MONTREAL – A subsidiary of a Norwegian energy company wants to build a liquefied natural gas export project in Quebec. Marinvest Energy Canada says there's a strong business case for an LNG project in Quebec to export Canadian natural gas to Europe. The company is offering few details about the project, but an elected official in Quebec's Côte-Nord region says it would be located in Baie-Comeau, along the north shore of the St. Lawrence River. Quebec Premier François Legault says members of his team have met with representatives of the company. Legault rejected a proposal for an LNG facility in Quebec's Saguenay region in 2021, amid widespread opposition to the project. Monday Mornings The latest local business news and a lookahead to the coming week. He has said Quebecers are now more open to fossil-fuel projects due to the trade war with the United States. This report by The Canadian Press was first published July 4, 2025.
Cision Canada
an hour ago
- Cision Canada
Government of Canada expanding high-speed Internet access in Saskatchewan Français
Federal investment of up to $105 million will connect more than 6,500 homes PRINCE ALBERT, SK, July 4, 2025 /CNW/ - Innovation, Science and Economic Development Canada Reliable and affordable high-speed Internet is essential for all Canadians. It enables access to important online resources, connects friends and families, and drives economic growth and innovation. Today, the Honourable Buckley Belanger, Secretary of State (Rural Development), announced up to $105 million in federal funding for three high-speed Internet projects being delivered by Saskatchewan Telecommunications (SaskTel). These projects will bring high-speed Internet access to 6,522 households in 35 rural and remote communities across central and northern Saskatchewan, including over 4,800 Indigenous households. The Government of Canada's investment is provided through the Universal Broadband Fund, a program designed to ensure that Canadians in rural, remote and Indigenous communities have access to reliable high-speed Internet. The government remains on track to meet its goal of providing high-speed Internet to 98% of Canadian households by 2026, and 100% by 2030. With these investments, the government is helping to create new opportunities for rural and remote communities—ensuring that all Canadians, no matter where they live, can fully participate in the digital economy and benefit from everything Canada has to offer. Quotes "In today's day and age, every corner of Saskatchewan should have access to reliable, affordable high-speed Internet—whether that's in Sweetgrass or all the way in Black Lake. Today's announcement of up to $105 million in new funding to connect 6,522 rural households in the province is a major milestone for Saskatchewan. Investments like these create jobs, improve access to health care and online learning services, and keep us connected to our loved ones." – The Honourable Buckley Belanger, Secretary of State (Rural Development) "The Government of Saskatchewan appreciates the federal government's investment to help expand connectivity across the province. These funds will add to the nearly $1 billion that SaskTel has invested to bring fibre-powered Internet connectivity to communities throughout Saskatchewan. These investments are strengthening our communities by delivering the high–speed Internet that families and businesses need to thrive in today's increasingly connected economy." – The Honourable Jeremy Harrison, Minister of Crown Investments Corporation and Minister Responsible for SaskTel "We at SaskTel, Saskatchewan's homegrown communications leader, understand the incredible impact that high-quality and reliable Internet services can have on a home, business and community. We're thrilled to utilize funding from the Universal Broadband Fund to bring the incredible speed and power of our infiNET network to residents and businesses in more than 30 northern and Indigenous communities. For SaskTel, this initiative is not just about delivering fast Internet speeds—it's about supporting local businesses, empowering students, strengthening communities and enriching the lives of our customers." – Charlene Gavel, President and CEO, SaskTel Quick facts Funding for this project was initially highlighted in June 2024. Today's announcement provides details of the 35 Saskatchewan communities that will benefit from improved Internet speeds. Canada's Connectivity Strategy aims to provide all Canadians with access to Internet speeds of at least 50 megabits per second (Mbps) download / 10 Mbps upload. The Universal Broadband Fund is a $3.225 billion investment by the Government of Canada designed to help provide high-speed Internet access to 98% of Canadian households by 2026 and achieve the national target of 100% access by 2030. Today, 95.8% of Canadian households have access to high-speed Internet, compared to just 79% in 2014. In Saskatchewan, 84.4% of households currently have access to high-speed Internet. Since 2015, the Government of Canada has invested more than $215 million in connectivity projects in Saskatchewan. Indigenous women, girls, Two-Spirit and gender diverse people are more likely to go missing or be murdered than non-Indigenous women. Better connectivity means more tools in moments of danger, helping victims of violence access critical online resources and get help when they need it most. The Government of Canada works in partnership with Internet service providers (ISP) to offer discounted Internet services to eligible Canadians through the Connecting Families Initiative. SaskTel is a participating ISP. Associated links Follow Innovation, Science and Economic Development Canada on social media. For easy access to government programs for businesses, download the Canada Business app. SOURCE Innovation, Science and Economic Development Canada
Cision Canada
an hour ago
- Cision Canada
Renewal of Aluminerie Alouette's power contract
Securing the future of low-carbon Quebec aluminum for America and Europe. MONTREAL, July 4, 2025 /CNW/ - The announcement of the agreement in principle on the renewal of the power supply contract between Aluminerie Alouette, the Quebec government and Hydro-Québec confirms the key role played by the largest aluminum smelter in the Americas in the Quebec economy and in aluminum markets here in North America and Europe. According to Jean Simard, President of the Aluminum Association of Canada, "Aluminerie Alouette, thanks to its proximity to the port facilities of Sept-Iles, has the option of North American and European markets, a considerable logistical advantage in a commodity market subject to the vagaries of global geopolitics." At a time when Canada is committed to market diversification, in order to solidify its position on the international economic stage," adds Mr. Simard, "this agreement between Aluminerie Alouette and its partners, the Quebec government and Hydro-Québec, sends a powerful signal to North American and European markets about the place that Quebec's low-carbon aluminum will continue to occupy in the future." The investments planned for the next 20 years will enable the company to modernize its Sept-Iles plant, one of the most efficient in the world, while continuing its efforts to reduce its carbon footprint. About the Aluminium Association of Canada Founded in 1990, the Aluminium Association of Canada (AAC) represents the three Canadian world-class aluminium producers: Alcoa, Alouette, and Rio Tinto. Operating nine smelters in Canada, eight of which in Quebec, employing over 9,500 workers. The AAC and its members are active in the development of best practices in health and safety and responsible low CO 2 production. For more information, visit or X @AAC_aluminium.
