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Switzerland : Glencore gets Canadian go-ahead for $6.1b Viterra deal
Publish Date : 17-Jul-2012
Swiss commodities giant Glencore has won napproval from Canadian authorities to buy farming product specialist Viterra for US$6.1 billion, Glencore said on Monday.
The Canadian minister of industry had approved the deal on Sunday after it was announced in March, Glencore said in a statement.
This deal \"recognises the long-term benefits for farmers and Canada,\" said Glencore\'s head of agricultural products Chris Mahoney.
The announcement is the latest step in an international approval process and comes after the European Commission agreed at the beginning of July that the purchase could go ahead.
