28th Aug 2012 07:00
BAAR, Switzerland 28 August 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Regulatory update
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.
For enquiries about Glencore, please contact:
Paul Smith (Investors) | Charles Watenphul (Media) | RLM Finsbury (Media) |
t: +41 (0)41 709 2487 | t: +41 (0)41 709 2462 | Guy Lamming |
m: +41 (0)79 947 1348 | m:+41 (0)79 904 3320 | Dorothy Burwell |
T: +44 (0)20 7251 3801 | ||
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Elisa Morniroli (Investors) |
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t: +41 (0)41 709 2818 |
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m: +41 (0)79 833 0508 |
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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.
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