South Africa's Competition Commission approves ADM's acquisition of GrainCorp, joining US, Canada, Australia; ADM continuing to work with regulators in China, EU, Japan, South Korea
July 12, 2013
– The Competition Commission of South Africa today 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 four. Canada’s Competition Bureau cleared the acquisition last week, and 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, the European Union, Japan 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, visit www.adm.com.
Archer Daniels Midland Company
Jackie Anderson, 217-424-5413
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