China Approves Last Hurdle for Glencore’s $6.1 Billion Takeover of Viterra

Dec 07, 2012

Glencore’s Acquisition of Viterra Expected to be Finalized Dec. 17 2012

Glencore International received approval from China’s Ministry of Commerce on Friday for its purchase of Canadian grain handler Viterra Inc. in a $6.1 billion dollar deal that was expected to close by July.

This signals one of the largest global agricultural industry acquisitions in history.

Viterra, which has operations in China and several other countries, said that it now expects the deal to be finalized by Dec. 17, 2012.

Viterra shares reached a seven-month low in October, which can be largely attributed to concerns over delays of the takeover. Shares closed at $15.85 on the Toronto Stock Exchange on Thursday.

Glencore shares were down 1.2% at 441.4 pence on the London Stock Exchange on Friday.

It was speculated that China was holding off on the decision for approval until the Canadian government would approve their takeover of Nexen Inc. by China’s CNOOC Ltd.

The announcement on Friday was the last outstanding regulatory barrier for the acquisition.

Video: Dr. David Rosero: Fat Quality in Swine Diets

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. David Rosero from Iowa State University explores the critical aspects of fat quality and oxidation in swine diets. He discusses how different types of lipids affect pig performance and provides actionable insights on managing lipid oxidation in feed mills. Don’t miss this episode—available on all major platforms.

Highlight quote: "Increasing levels of oxidized fats in swine diets reduced the efficiency of feed utilization, increased mortality, and led to more pigs being classified as culls, reducing the number of full-value pigs entering the finishing barns."

Meet the guest: Dr. David Rosero / davidrosero is an assistant professor of animal science at Iowa State University. His research program focuses on conducting applied research on swine nutrition and the practical application of smart farming. He previously served as the technical officer for The Hanor Company, overseeing nutrition, research, and innovation efforts.