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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.

Please see the full article on the CBC website at:
http://www.cbc.ca/m/rich/business/story/2012/07/15/sk-glencore-viterra-federal-approval.html