EU clears ADM to acquire GrainCorp

EU clears ADM to acquire GrainCorp

THE European Commission gave its regulatory blessing to Archer Daniels Midland Co. (ADM) to acquire Australian grain handler GrainCorp.

In a July 29 statement, ADM said six governments have now signed off on the deal, including Japan, South Africa, Canada, Australia and the U.S. (Feedstuffs, July 29).

In addition to ongoing work with the Australian government, ADM is also working with officials in China and South Korea to obtain necessary approvals prior to closing the transaction, which is expected to occur in the second half of the year.

Volume:85 Issue:31

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