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BAAR, Switzerland, Sept. 26, 2012 /PRNewswire/ - Glencore International plc (Glencore) notes the announcement by Viterra Inc. (Viterra). The sole remaining regulatory approval required to close Glencore's acquisition of Viterra 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 and Viterra continue to engage with MOFCOM to ensure approval as soon as possible. In order to accommodate MOFCOM's review process, Glencore and Viterra have extended the outside date for completion of the transaction by one month to November 15, 2012. MOFCOM is expected to provide its approval within this timeframe. Glencore will update the market in due course in relation to MOFCOM's approval and when it expects the 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