South Korea Clears ADM Acquisition of GrainCorp
Date Posted: August 7, 2013
Decatur, IL—The Korea Fair Trade Commission has notified Archer Daniels Midland Company (NYSE: ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited.
This brings the number of government agencies that have cleared the acquisition to seven.
The European Commission, the Japan Fair Trade Commission, South Africa’s Competition Commission and Canada’s Competition Bureau cleared the acquisition in July; the Australian Competition and Consumer Commission did so in June.
The United States Federal Trade Commission also approved the acquisition last November.
ADM continues to work with regulators in Australia and China.
For more information, call 217-424-5413.