South Africa: Competition Commission clears ADM’s proposed acquisition of GrainCorp

The Competition Commission of South Africa on July 11 notified Archer Daniels Midland Company (ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited, World-Grain.com reported.

This brings the number of government agencies that have cleared the acquisition to four. Canada’s Competition Bureau cleared the acquisition two weeks ago, 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.

17 July, 2013