December 10, 2012
 
Glencore receives regulatory approval for acquisition of Viterra

The Ministry of Commerce of the People's Republic of China (MOFCOM) has approved for the acquisition of Viterra by a subsidiary of Glencore International Plc (Glencore).

This was the final outstanding regulatory approval of Glencore's acquisition of Viterra pursuant to a court approved plan of arrangement (the Arrangement).

Viterra now expects the effective date of the Arrangement to be December 17, 2012, as a result of Viterra and Glencore having agreed to extend the date for completion of the Arrangement. On the effective date of the Arrangement, Glencore will release the funds to be subsequently paid out to shareholders and holders of Viterra's CHESS Depositary Interests (CDIs).The necessary arrangements will also be made to delist Viterra from the Toronto Stock Exchange and the Australian Securities Exchange (ASX).

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has operations across Canada, the US, Australia, New Zealand and China, as well as a growing international presence that extends to offices in Japan, Singapore, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India.

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.