Marubeni Completes Acquisition of Gavilon
Date Posted: July 8, 2013
Marubeni Corporation (“Marubeni”) announced that on July 5, 2013 (EST), it has purchased all of the assets and businesses of Gavilon Holdings LLC (“Gavilon”), except its energy business, for approximately USD 2.7 billion (purchase price change from earlier announcement due to a purchase price adjustment).
This completes the previously announced acquisition of Omaha, Nebraska-based Gavilon.
Marubeni obtained all necessary approvals from relevant competition authorities, including the Chinese competition authority, and fulfilled all other closing conditions as agreed upon in the Equity Interest Purchase Agreement.
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