Reading Time: < 1 minute Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
Farmers’ CWB class action lawsuit gets certified
Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board
Reading Time: 4 minutes A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the […] Read more
Saudi Arabia completes first phase of flour mill privatization
Reading Time: 2 minutes 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
Ukraine president plans farmland reform, large privatizations
Reading Time: 2 minutes 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
AGT’s privatization to proceed
Reading Time: 2 minutes 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
AGT managers seek to take company private
Reading Time: 2 minutes 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
The roads of Zambia
We’ve always known the country’s agriculture potential is massive. Now there are signs it is being opened up
Reading Time: 10 minutes Associate editor Maggie Van Camp travelled to Zambia through an International Federation of Agricultural Journalists investigation into the country’s challenges and opportunities. One farm was ultra-modern and 74,000 acres, she reports. Others struggle with basic subsistence. The future may need both. Driving to Nsongwe, Zambia from tourist-rich Livingstone is a tooth-rattling, 30-minute adventure through a […] Read more
A message from April Stewart, Country Guide's Associate Editor
