(Adds interview with executive)
WINNIPEG, Manitoba, April 26 (Reuters) - Private agribusiness Viterra Inc said on Monday that it will build the world’s biggest canola-crushing plant at Regina, Saskatchewan, and open it in late 2024, as interest in turning oilseeds into renewable fuel stokes already strong demand.
Rivals Cargill Inc and Richardson International also announced plans recently to build plants in the same Canadian province, with canola futures hitting record highs. U.S. soybean-crushing capacity is also increasing.
Rotterdam-based Viterra said its new plant will crush up to 2.5 million tonnes of canola per year, eclipsing Richardson’s plan.
Viterra, owned by commodity trader Glencore PLC, and Canadian pension managers CPP Investments and British Columbia Investment Management Corp, did not disclose the plant’s cost.
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Melissa Tait/The Globe and Mail
John Ruffolo’s private-equity firm is officially in business after raising money from five Canadian institutions, seven months after the Bay Street financier was nearly killed in a traffic accident.
His Maverix Private Equity last week received funds from CAAT Pension Plan, British Columbia Investment Management Corp., Bank of Montreal, Canadian Imperial Bank of Commerce and Mattamy Asset Management to anchor its first, US$500-million fund.
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Canada Pension Is Said to Consider Shrinking Stake in Puget
Mar 09 2021, 12:41 PM
March 09 2021, 1:21 AM
March 09 2021, 12:41 PM
(Bloomberg) The Canada Pension Plan Investment Board is considering selling part of its stake in the utility Puget Energy Inc., according to people familiar with the matter.
(Bloomberg) The Canada Pension Plan Investment Board is considering selling part of its stake in the utility Puget Energy Inc., according to people familiar with the matter.
The investment group is working with an adviser to reduce its 31.6% stake by about 10 percentage points, said the people, who asked not to be identified because they werenât authorized to speak publicly. The sale is expected to fetch $700 million, valuing Puget Energy at up to $7 billion, including debt, the people said.
CPP Investments Eyes Lowering Stake in Low-Credit Rated Puget Energy
Posted on 03/09/2021
The Canada Pension Plan Investment Board (CPP Investments) is contemplating lowering its ownership stake in utility Puget Energy Inc. CPP Investments hired an adviser to lower its 31.6% stake by around 10%. CPP Investments would like to get around US$ 700 million for the stake, valuing Puget Energy with an enterprise value of up to US$ 7 billion. Puget Energy’s main operating unit is Puget Sound Energy. Puget Sound Energy is the largest electric and gas utility based in Washington. In January 2021, Puget Sound Energy announced plans to reduce its carbon emissions to net zero by 2045.