South Africa: GrainCorp buyout cleared before China, EU approval

By CPI | July 12, 2013

South Africa’s Competition Commission announced its clearance for agriculture company Archer Daniels Midland Company to acquire GrainCorp, becoming the world’s fourth regulator to do so, according to a press release. ADM awaits approval from antitrust regulators in China, Australia, Japan, South Korea and the European Union. The deal was approved by authorities in US, Australia and Canada.