Regulatory update

27 Aug, 2012, 17:28 ET from Glencore International plc

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BAAR, Switzerland, Aug. 27, 2012 /CNW/ - Glencore International plc (Glencore) notes the announcement by Viterra Inc. (Viterra). Substantially all regulatory approvals have now been received, including competition and foreign investment clearances in Canada and Australia. The sole remaining regulatory approval is the approval of the Ministry of Commerce of the People's Republic of China (MOFCOM) under the Chinese Anti-Monopoly law.

As Viterra's announcement states, Glencore continues to engage with MOFCOM to ensure approval as soon as possible.  MOFCOM is now expected to continue its review into September. Glencore and Viterra will update the market in due course when they expect closing of the acquisition to occur.

About Glencore International plc

Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products. 

SOURCE Glencore International plc