Calgary — Viterra Inc. and Glencore International plc said last week that the sole remaining regulatory approval for Glencore’s acquisition of Viterra is that of the Ministry of Commerce of the People’s Republic of China (MOFCOM) under the Chinese Anti-Monopoly Law. Glencore continues to engage with MOFCOM to ensure approval as soon as possible. MOFCOM is now expected to continue its review into September. Viterra and Glencore said they will update the market in due course when they expect closing of the acquisition to occur. It was originally hoped that all reviews would be complete by the end of July; due to MOFCOM, that was later extended to August and now September.
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