REFILE-Canada sees no link between Viterra, Nexen Chinese approvals
* China's CNOOC wants to buy Canada's Nexen
* Glencore awaits Chinese approval for Viterra takeover
By Rod Nickel
WINNIPEG, Manitoba, Nov 13 (Reuters) - The Chinese government is treating its role in potential takeovers of two Canadian companies separately, and is not linking them in order to pressure Ottawa to approve a deal between China's CNOOC Ltd and Canadian oil producer Nexen Inc, Canada's agriculture minister said on Tuesday.
Approval from China's Ministry of Commerce (MOFCOM) under Chinese anti-monopoly law is the final regulatory hurdle for Glencore International PLC's C$6.1 billion ($6.1 billion) takeover of Canadian grain handler Viterra Inc. Viterra said on Friday that the deal's closing date deadline would extend until Dec. 10.
The only significant asset Viterra owns in China is a canola-crushing plant joint venture.
China is also waiting to hear if Canada will approve state-owned CNOOC's $15.1-billion takeover of Nexen and Dec. 10 is also Canada's deadline to rule on that transaction.
"They're treating these very differently, which of course they are," Agriculture Minister Gerry Ritz said in Winnipeg. "One is an investment into their country, predicated on what Glencore will do into the future. The other is an investment into Canada." Continued...