Business & Policy
CWB buys interest in Prairie West Terminal
Jan. 16, 2014, Winnipeg, MB - CWB has acquired 2,394 (approximately 10.02 per cent) Class C shares (PWT Shares) of Prairie West Terminal Ltd (PWT), a farmer-owned grain handling organization located in west central Saskatchewan.
The PWT Shares were acquired by CWB pursuant to a private agreement.
CWB president and CEO Ian White says the investment is a "great opportunity to participate in an innovative farmer-owned organization that prioritizes farmers' interests."
CWB's investment in PWT is part of an ongoing strategy to position CWB as a strong and viable Canadian-focused grain company that includes farmer ownership. CWB's plan for farmer ownership would allow farmers to have an equity interest in CWB after privatization, allowing farmers to benefit from CWB's business activities.
January 16, 2014 By Top Crop Manager