The Korea Fair Trade Commission has notified Archer Daniels Midland (ADM) of its approval of ADM’s proposed acquisition of GrainCorp.
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; the Australian Competition and Consumer Commission did so in June.
The United States Federal Trade Commission also approved the acquisition last November. ADM said that it continues to work with regulators in Australia and China.
