Richardson gets regulator nod to buy assets from Glencore

Thu Dec 20, 2012 1:28pm EST
 
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WINNIPEG, Manitoba (Reuters) - Canadian grain handler Richardson International Limited said on Thursday that it has received approval from Canada's Competition Bureau to close its C$800-million ($808 million) purchase of some country elevators, equity in a port grain terminal and processing plants from Glencore International PLC (GLEN.L: Quote).

Richardson said it plans to close the transaction, which involves some assets Glencore acquired in its takeover of Viterra Inc this month, as soon as possible in 2013.

($1=$0.99 Canadian)

(Reporting by Rod Nickel in Winnipeg, Manitoba)