Glencore agrees $370 mln sale of Dakota Growers Pasta Company

LONDON, Sept 16 Mon Sep 16, 2013 2:44pm BST

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LONDON, Sept 16 (Reuters) - Miner and commodities trader Glencore Xstrata said it on Monday agreed to sell Dakota Growers Pasta Company for $370 million, as it continues to divest assets acquired with its $6 billion purchase of Canadian grain handler Viterra.

To appease regulators, Glencore has already sold a number of Viterra assets to Agrium Inc, CF Industries Holdings Inc and Richardson.

Glencore said the sale of St Louis Park, Minnesota-based Dakota Growers to Post Holdings Inc is subject to regulatory approvals and is expected to close in 2014.