Glencore nears Viterra takeover after Australian green light

Glencore International, the giant producer and marketer of commodities, has been given the all-clear by Australian authorities for the acquisition of Canadian agricultural grain handler Viterra.

Glencore International, the giant producer and marketer of commodities, has been given the all-clear by Australian authorities for the acquisition of Canadian agricultural grain handler Viterra.

Glencore, which offered C$16.25 per share for the group in March, equal to C$6.1bn (£3.9bn), received notice on Thursday from the Foreign Investment Review Board (FIRB) that its acquisition has been approved, completing the necessary Australian regulatory approvals that were required.

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