Tribunal approves international transaction
in grain commodities and pulse seeds market
 

The Tribunal has approved, without conditions, the international transaction whereby 2667980 Ontario Inc. (Ontario) seeks to acquire AGT Foods and Ingredients Inc. (AGT).
 
The companies are active in the market for the supply of grain commodities and pulse seeds including beans, oil seeds, barley, corn, sorghum and wheat in South Africa.
 
Ontario is a special purpose vehicle controlled by Fairfax Financial Holdings (FFH). FFH is listed on the Toronto Stock Exchange. It controls both Bryte Insurance Company Limited and Fairfax Africa Holdings Corporation (FAH). FAH holds an interest in AFGRI Group Holdings (Pty) Ltd, which provides services across the grain production and storage cycle -- and high-tech equipment through the John Deere brand.
 
AGT Foods and Ingredients Inc. is a public company listed on the Toronto Stock Exchange. It controls AGT Foods Africa (Pty) Ltd and AGT Foods (Pty) Ltd in South Africa. AGT Foods Africa (Pty) Ltd supplies seeds for planting and produces crops for planting and consumption purposes. It also supplies pre-packaged grains, pulses and microwave popcorn.