Regina-Canadian agribusiness Viterra Inc. has confirmed reports that it is in discussions regarding a possible strategic transaction with ABB Grain Ltd., a leading Australian agribusiness. Viterra said these discussions are ongoing, and the parties are engaged in continuing negotiations and due diligence activities. No transaction has been agreed to at this time, the current discussions are non-binding, and no assurance can be given that any agreement on a transaction will be reached. While both Viterra and ABB are major grain companies, they are also involved in fertilizer and other ag inputs.
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