Bunge Divests Select Grain Elevator Assets in Western Canada

Bunge has recently divested five grain elevators in Western Canada. These transactions are part of the divestiture commitment Bunge made with the Government of Canada, to receive regulatory approval for its merger with Viterra. 

Local companies have acquired the facilities. Direct Grain Limited will operate the Dixon, SK, site, Linear Grain Inc. purchased the Fannystelle, MB, site, and BP & Sons Grain and Storage Inc. purchased the Beausejour, Tucker, and Coulter, MB, sites.  

A tentative agreement to sell the final and sixth facility, located in Valparaiso, SK, has been reached, subject to approval by the Minister of Transport. Closing is anticipated to take place shortly after this approval is received.

As part of Bunge’s agreement with the Canadian government, these facilities have been held separate from the rest of Bunge’s business and run by an independent Hold Separate Manager since July 2, and the hold separate and sales process for all six facilities has been monitored by a government-approved third party. 

Separate from the divestiture commitment to the government, Bunge has also divested its Eyebrow, SK, grain elevator to F.W. Cobs.

About Bunge 
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Learn more at Bunge.com.