Reuters — Activist investor Bluebell Capital Partners has built a stake in Bayer AG and is pushing for a breakup of the German pharmaceutical and agriculture company, Bloomberg reported on Tuesday, citing sources. U.K.-based Bluebell is also seeking an overhaul of Bayer’s corporate governance, the report added. A Bayer spokesperson, who declined to comment on […] Read more
Activist investor reported building stake in Bayer, seeking breakup
Bayer up for 'constructive dialogue'
New CEO named for Canadian Dairy Commission
The Canadian Dairy Commission has hired from within for its new chief executive. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced Benoit Basillais, the CDC’s director of policy and economics, became the Crown corporation’s new CEO effective Monday. Basillais replaces Serge Riendeau, the dairy producer and former Agropur Co-operative president who’s been the CDC’s chief […] Read more
Port of Churchill moves to 100 per cent local ownership
Corporate partners step out of owner group
MarketsFarm — The Port of Churchill is undergoing an ownership transition that will see its OneNorth community and Indigenous partners assume 100 per cent ownership of the Hudson Bay port and the rail line connecting it to northwestern Manitoba. The Churchill Marine Tank Farm and associated assets are also part of the deal, according to […] Read more
Grain handler group seeks Vancouver port governance overhaul
The WGEA, whose members ship most of Western Canada's grain, complain the port is in a conflict of interest as both developer and regulator
Vancouver, Canada’s biggest port and the most important to Western Canada’s economy, needs major changes in how it operates, the Western Grain Elevator Association (WGEA) says. As a statutory monopoly the port authority is both a port developer and regulator putting it in a conflict of interest, according to WGEA executive director Wade Sobkowich. “We […] Read more
Bayer seeks glyphosate litigation advice as Elliott reveals stake
Frankfurt | Reuters — Chemicals giant Bayer , under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Bayer has seen its share price tumble in the wake of its US$63 […] Read more
Prairie wheat commissions, grain firms to fund Cigi
The technical institute for Canadian field crops will get its core funding from now on through the Prairies’ major grain export firms and its three provincial wheat grower commissions. Cigi, the Canadian International Grains Institute, on Tuesday announced the new funding model, plus a new governance model setting up a new 10-member board of directors […] Read more
Alberta recruits new board for AFSC
Alberta’s provincial government has named a new board of directors to its farm financing and crop insurance agency, to replace the board it fired last year. Agriculture Minister Oneil Carlier on Thursday announced the appointment of a new eight-member board for the provincial Agriculture Financial Services Corp., (AFSC), which has been handled by an interim […] Read more
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