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.

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)