September 14, 2009

Viterra has set its sights on the large Asian market after taking a huge step towards its acquisition plan of Australia's ABB Grain.

Viterra said the ABB deal would open up Asian markets, including those on the Indian sub-continent which are becoming increasingly important due to their growing demand.

CEO Mayo Schmidt said the company will be very inquisitive and interested in developing a strategy for markets where both Viterra and ABB did not have access to.

The company is likely to stretch this interest to acquisitions once ABB is bedded in.