South Africa's Competition Commission Clears ADM Acquisition of GrainCorp
Date Posted: July 12, 2013
Decatur, IL—The Competition Commission of South Africa July 12 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 four.
Canada’s Competition Bureau cleared the acquisition last week, and 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, China, the European Union, Japan and South Korea.