South Korea clears ADM-GrainCorp transaction
by Eric Schroeder
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DECATUR, ILL. — The Korea Fair Trade Commission has approved Archer Daniels Midland Co.’s proposed acquisition of GrainCorp Ltd., making it the seventh government agency to clear the transaction.
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 U.S. Federal Trade Commission also approved the acquisition last November.
ADM continues to work with regulators in Australia and China.