Viterra
(ASX:VTA) says Glencore International has received Canadian regulatory approval for its $5.8 billion takeover offer for the dual listed grain handler.
Further approval is required by China’s Ministry of Commerce. The ACCC approved the proposed acquisition last month.
Viterra revealed record results in its second quarter with net earnings more than doubling to $67 million due to strong fertilizer sales volumes and pricing.
Viterra posted a net profit of $141.2 million in the first half of its 2012 financial year.
