Monday, 10 December 2012

Glencore gets Chinese go-ahead for 6.1bn Viterra buy

Glencore gets Chinese go-ahead for 6.1bn Viterra buy: Zurich (AFP) Dec 07, 2012



The Swiss commodities giant Glencore said Friday that Chinese authorities have approved its purchase of the Canadian agri-business group Viterra and that it had thus cleared the last regulatory hurdle to the $6.1-billion deal.

"This was the final outstanding regulatory approval of Glencore's acquisition of Viterra," the Swiss company said in a statement