The move clears the way for G3 Global, a joint venture of U.S.-based Bunge Ltd and Saudi Agricultural and Livestock Investment Co, to build new grain-handling facilities at Port Metro Vancouver on Canada's Pacific Coast and on the Canadian Prairies.

G3 Canada combines the assets of CWB, including a few country elevators, Eastern Canadian grain-handling facilities and rail cars, with Bunge's Canadian grain assets.

G3 Global's C$250 million ($192.65 million) purchase of a 50.1 percent stake in CWB, announced in April, removes a name that long dominated the world grain industry. CWB, or the Canadian Wheat Board, for decades held government-sanctioned marketing control of Western Canada's milling wheat and barley.

The Canadian government removed those marketing powers in 2012, and the company operated for several years as a small grain company.

($1=$1.30 Canadian)

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Peter Galloway)