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Saudi firm, Bunge to buy majority stake in Canadian grain handler

2015-04-16 04:34:07| Food - Topix.net

Saudi Arabia's state-owned agricultural investment firm and U.S. grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group, a joint venture of Bunge and Saudi Agricultural and Livestock Investment Co , said on Wednesday it will buy a 50.1 percent stake in CWB for C$250 million .

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