Dual-listed Viterra (ASX:VTA) says Australia’s Foreign Investment Review Board has given its approval to Glencore International’s proposed $5.8 billion takeover of the grain handler.
The announcement comes after Glencore received Canadian regulatory approval earlier this month and approval from Australia’s competition regulator last month.
Viterra and Glencore now only need approval from the Chinese Government’s Ministry of Commerce.
Viterra posted a net profit of $141.2 million in the first half of its 2012 financial year.
VTA Price at posting:
$15.22 Sentiment: None Disclosure: Held
