Regina, Sask.-Saskatchewan Wheat Pool has closed on the sale of Agricore United’s grain handling terminal in the Port of Vancouver to Alliance Grain Terminal, a consortium of Prairie grain handling companies formerly known as Terminal West. Financial terms of the transaction were not disclosed. The divestiture is in accordance with the October 2002 consent agreement with the Commissioner of Competition requiring AU to divest one of its grain handling terminals in the Port of Vancouver. The sale is not expected to materially impact the company’s results from continuing operations. The proceeds of the sale may be used for general corporate purposes. Pacific Elevators’ grain handling terminal, located in the Port of Vancouver, will be operated by AU and SaskPool, as the two companies integrate their operations. SaskPool will wholly-own and operate the Cascadia terminal and Pacific Elevator at the Vancouver port. AU became a wholly-owned subsidiary of SaskPool June 15, 2007.
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