China taking its time over Glencore's Viterra deal
China is going to take longer than expected over its review of the acquisition of agriculture business Viterra by miner commodities trader Glencore.
China is going to take longer than expected over its review of the acquisition of agriculture business Viterra by miner commodities trader Glencore.
The review by the Ministry of Commerce of the People's Republic of China (MOFCOM) had originally been expected to complete in August, but will now run in to September.
"Glencore continues to engage with MOFCOM to ensure approval as soon as possible," the companies said in a statement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Glencore and Viterra will update the market in due course when they expect closing of the acquisition to occur.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”