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
-
Trump wants to colonise Mars – will it happen?Donald Trump wants to plant the US flag on Mars. Could humans really live there?
-
Klarna postpones US IPO as Trump's tariffs rattle marketsBuy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
