Glencore gets federal approval for Viterra takeover
July 15, 2012 - The federal government signed off Sunday on Glencore International PLC's bid to acquire Canadian agribusiness giant Viterra Inc, bringing the Swiss commodities supplier's multi-billion dollar transaction one step closer to completion.
The $6.1 billion bid was approved by Industry Minister Christian Paradis under the Investment Canada Act.
"I approve an application under the act if I am satisfied that the investment is likely to be of net benefit to Canada," Paradis said in a statement.
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