Saudi firm and partners acquired stake at Canadian Wheat Board for $203 million

Saudi Agricultural and Livestock Investment Company (SALIC), as a partner in a consortium called G3 Global Grain Group, has acquired stake at Canadian Wheat Board (CWB) for $203 million.

G3 is a joint venture between Bunge Canada, a subsidiary of Bunge Limited and SALIC Canada Limited, a wholly owned subsidiary of Saudi Agricultural and Livestock Investment Company (SALIC). (CWB is a grain handling and trading company that operates a network of seven grain elevators in Western Canada and port terminals).

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