The head of Alberta's public pension fund manager is pleased by the rich return it stands to make on its 17 percent stake in Viterra Inc as a result of Glencore's proposed C$6.1 billion ($6.2 billion) takeover of the Canadian grain handler.That said, Alberta Investment Management Corp, known as AimCo, did not use its influence as Viterra's largest shareholder to trigger the deal, Chief Executive Leo de Bever said in an interview.Initially, AimCo sought to build Viterra into a major global food concern, with its main platform in the Western Canadian agriculture sector, he said."As much as we would have liked to execute on our plan, this came along, a bid was made, we had to do what was best for our clients and that's what she wrote," de Bever said. "We didn't trigger this, it wasn't our first objective, but when it started to happen we had to deal with the facts as we found them."
Viterra Inc. is a vertically integrated global agri-business company. Shares of VT fell by 0.38% or $-0.06/share to $15.91. In the past year, the shares have traded as low as $9.30 and as high as $16.25. On average, 2619770 shares of VT.TO exchange hands on a given day and today's volume is recorded at 74528136.
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