GFM Network News

(Dave Bedard photo)

CPP reported in talks for stake in Glencore agribusiness

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more

Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (

CPP, Saudi firm are lead players in bid for Glencore

Bengaluru/Reuters – Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Bloomberg reported on Friday. The firms are presenting final bids for the unit this month and Glencore is open to selling stakes to more […] Read more

(Dave Bedard photo)

Saskatchewan farmland off limits for pension plans next month

Reuters/Staff — New rules for buying farmland in Saskatchewan, Canada’s biggest wheat- and canola-growing province, will take effect Jan. 4, and toughen its ban on pension plans investing, the provincial government said Monday. The changes make more explicit an existing ban on pension plans and trusts from buying land and continue to limit purchases of […] Read more