European Commission Clears ADM Acquisition of GrainCorp

30 July 2013 --- The European Commission has notified Archer Daniels Midland Company (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 six.

The Commission concluded that the proposed acquisition "would not raise competition concerns given the very limited overlap between the parties' activities and the presence of other competitors, that are not capacity constrained."

The Japan Fair Trade Commission, South Africa’s Competition Commission and Canada’s Competition Bureau cleared the acquisition earlier this month; 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 and South Korea.