Reuters: Regulatory News: UPDATE 1- Close of Glencore-Viterra deal delayed

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UPDATE 1- Close of Glencore-Viterra deal delayed Aug 27th 2012, 21:41 Mon Aug 27, 2012 5:41pm EDT Aug 27 (Reuters) - The closing of Glencore International PLC's C$6.1-billion ($6.2 billion) takeover of Canadian grain handler Viterra Inc will stretch into September, Viterra said on Monday. The lone remaining regulatory approval needed is from China's Ministry of Commerce (MOFCOM) under its anti-monopoly law. The ministry's review is expected to continue into September, Viterra said after markets closed. The takeover, already approved by the Canadian government and competition regulator, was originally expected to close in July. Glencore plans to sell some parts of Viterra to Canadian fertilizer company Agrium Inc and private Canadian grain handler Richardson International Ltd. Viterra shares, which Glencore would buy for $16.25 in cash, closed on Monday up 1 Canadian cent at C$16.17.

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