/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/
BAAR, Switzerland, Nov. 9, 2012 /CNW/ - Glencore International plc (Glencore)
notes the announcement by Viterra Inc. (Viterra). The sole remaining
regulatory approval condition 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. The ongoing review process
continues to advance. However, MOFCOM's approval is no longer expected to be
obtained in time to facilitate a closing of the acquisition by November 15,
In order to accommodate MOFCOM's review process (the waiting period under the
Anti-Monopoly law expires on December 9, 2012) and to allow sufficient time to
facilitate closing, Glencore and Viterra have further extended the outside
date for completion of the acquisition to the latest to occur of (i) December
10, 2012, and (ii) the third business day after MOFCOM's approval is obtained
if that approval is obtained on or prior to December 10, 2012.
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.
For enquiries about Glencore, please contact:
Paul Smith (Investors) t: +41 (0)41 709 2487 m: +41 (0)79 947 1348
e:firstname.lastname@example.org Charles Watenphul (Media) t: +41 (0)41 709 2462
m:+41 (0)79 904 3320 e:email@example.com RLM Finsbury (Media)
Guy Lamming Dorothy Burwell T: +44 (0)20 7251 3801 Elisa Morniroli
(Investors) t: +41 (0)41 709 2818 m: +41 (0)79 833 0508
SOURCE: Glencore International plc
To view this news release in HTML formatting, please use the following URL:
CO: Glencore International plc
NI: MNG OIL AGR MNA
-0- Nov/09/2012 13:48 GMT
Press spacebar to pause and continue. Press esc to stop.