European Commission Clears ADM Acquisition of GrainCorp
DECATUR, Ill. -- July 29, 2013
The European Commission has notified Archer Daniels Midland Company (NYSE:
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 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.
For more than a century, the people of Archer Daniels Midland Company (NYSE:
ADM) have transformed crops into products that serve vital needs. Today,
30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa
into products for food, animal feed, industrial and energy uses. With more
than 265 processing plants, 460 crop procurement facilities, and the world’s
premier crop transportation network, ADM helps connect the harvest to the home
in more than 140 countries. For more information about ADM and its products,
Archer Daniels Midland Company
David Weintraub, 217-424-5413
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