Reading Time: 2 minutes The owner of one of Canada’s major commercial maltsters says its takeover by a major French peer won’t be challenged by Canada’s antitrust regulator. United Malt Group, whose Canadian assets operate under the Canada Malting banner, last month locked in on a previously announced deal to sell itself to France’s Malteries Soufflet for A$1.5 billion […] Read more
Bureau won’t challenge takeover of Canada Malting parent
U.K. also has 'no further questions'
France’s InVivo makes bid for United Malt
Bid would include Canada Malting business
Reading Time: 2 minutes Reuters — United Malt Group has received an indicative, non-binding offer from Malteries Soufflet, a branch of French agribusiness InVivo, the Australian commercial maltster said on Tuesday, valuing it at A$1.5 billion (C$1.36 billion). The A$5 per share offer represents a 45.3 per cent premium to United Malt’s last close of A$3.44. Trading in shares […] Read more
InVivo in talks to acquire French agribusiness Soufflet
Firms see limited overlap outside grain trading
Reading Time: 2 minutes Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying […] Read more
ADM to buy French animal feed business Neovia
Reading Time: 3 minutes Paris/Chicago | Reuters — Archer Daniels Midland Company (ADM) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros (C$2.3 billion) as part of the U.S. farm giant’s strategy to expand in the fast-growing animal nutrition sector. Neovia is majority owned by French cooperative group InVivo. Investment group Eurazeo […] Read more
InVivo pursues co-op alliances to vie with grain, chemical giants
Reading Time: 2 minutes Paris | Reuters — France’s InVivo wants to expand international partnerships with other co-operatives, including in joint buying of crop supplies and shipping fixtures, as it tries to compete with global grain trading and chemical firms, its CEO said on Wednesday. InVivo, a grouping of 220 agricultural co-operatives and one of the largest exporters of […] Read more
French co-op InVivo plans U.S. wine deal, more food shops
Reading Time: 2 minutes Paris | Reuters –– French agricultural group InVivo is looking to acquire a wine distributor in the U.S. and could open up to 200 food shops in its home market as part of plans to double in size within a decade, InVivo’s CEO said on Tuesday. InVivo entered the wine sector this year through the […] Read more
A message from April Stewart, Country Guide's Associate Editor
