GFM Network News


Saudi Arabia completes first phase of flour mill privatization

Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more

File photo of a combine harvesting a wheat crop in Ukraine. (SergBob/iStock/Getty Images)

Ukraine president plans farmland reform, large privatizations

Kiev | Reuters — Ukraine President Volodymyr Zelenskiy ordered his new government to submit a draft law for land market reform by the start of October and to prepare large-scale privatizations of state companies starting in April next year. Zelenskiy has pledged to lift a longstanding ban on the sale of farmland, a move that […] Read more


(Video screengrab from AGT via YouTube)

AGT’s privatization to proceed

CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more

(AGTFoods.com)

AGT managers seek to take company private

CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more


Fixing the system will take more than blame

Reading Time: < 1 minute I would suggest the federal government could save about $3 million just by reading Laura Rance’s article in the April 14 edition of Alberta Farmer (‘Fair Rail for Grain Farmers Act — much ado about not much’). I would further suggest that one sentence of that article should be highlighted for members of this government […] Read more