Viterra is buying Gavilon’s grain operations in the United States, Mexico, South American, Europe and Asia from Japanese company Marubeni.
Viterra is taking the grain business and leaving the fertilizer part of Gavilon with Marubeni.
Marubeni paid $2.7 billion got Gavilon in 2013 and has booked losses of $1 billion, reports Reuters news agency.
Viterra is owned by Glencore, a global company with investments in mining and commodities. Viterra is the result of mergers of the wheat pools of Alberta, Saskatchewan and Manitoba.
