South Korea & USA & Australia: South Korea’s Fair Trade Commission approves ADM’s purchase of GrainCorp

The Korea Fair Trade Commission has notified Archer Daniels Midland Company (ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited, ADM said on August 7.

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 U.S. Federal Trade Commission also approved the acquisition last November.

ADM continues to work with regulators in Australia and China.

09 August, 2013