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.
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Glencore and Viterra will update the market in due course when they expect closing of the acquisition to occur.
JH
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