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
Sign up for MoneyWeek's newsletters
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.
-
Should investors worry about investment trust discounts?
Investment trusts tend to trade at discounts to their net asset value, but the advantages that come with them mean this matters less to some investors
By Dan McEvoy Published
-
Reeves’s cash ISA raid: do cash hoarders deserve a tax break?
Opinion Rachel Reeves is desperate for her plan for economic growth to work - but meddling with the tax benefits of cash ISAs is simply a step too far, says Kalpana Fitzpatrick
By Kalpana Fitzpatrick Published