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Glencore International Plc's Subsidiary Receives Final Regulatory Approval for Acquisition of Viterra Inc

Friday, 7 Dec 2012 06:38am EST 

Viterra Inc announced that the acquisition of the Company by a subsidiary of Glencore International Plc has received regulatory approval from the Ministry of Commerce of the People's Republic of China (MOFCOM). This was the final outstanding regulatory approval of Glencore's acquisition of Viterra pursuant to a court approved plan of arrangement. Viterra expects the effective date of the arrangement to be December 17, 2012, as a result of Viterra and Glencore having agreed to extend the date for completion of the Arrangement. The necessary arrangements will also be made to delist Viterra from the Toronto Stock Exchange and the Australian Securities Exchange (ASX). 

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2.85 +0.90%
4:58am EDT