MEXICO CITY — Grupo Bimbo, S.A.B. de C.V.’s acquisition of Canada Bread Co. Ltd. is set to close May 23 after the companies received approval from the Canadian Minister of Industry on May 13 to complete the transaction.

The transaction previously received shareholder approval and clearance under the Competition Act and the Hart-Scott-Rodino Act, and at a special shareholder meeting April 3, the transaction was approved by Canada Bread shareholders. The Ontario Superior Court of Justice issued a final order approving the deal on April 9.