ADM gets GrainCorp acquisition approval from Korea

5:33 AM, 8th August 2013

DECATUR, US: The Korea Fair Trade Commission has given its approval to Archer Daniels Midland Company (ADM) for ADM’s proposed acquisition of GrainCorp Limited. 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 2013; the Australian Competition and Consumer Commission did so in June 2013. The United States Federal Trade Commission also approved the acquisition last November. ADM continues to work with regulators in Australia and China.

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