Glencore receives no action letter from Canadian Commissioner of Competition, says acquisition of Viterra will not be opposed; U.S. waiting period expires for antitrust disputes
May 7, 2012
Glencore International plc ("Glencore") today announced that it has received a No Action Letter from the Canadian Commissioner of Competition indicating that she does not intend to oppose completion of the previously announced acquisition of Viterra Inc. ("Viterra") by Glencore at this time. The receipt of the No Action Letter, which is dated May 3, 2012, satisfies one of the conditions to the consummation of the proposed transaction.
Also on May 3rd, the waiting period in the U.S. under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired.
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.