South Africa's Competition Commission Clears ADM Acquisition of GrainCorp

South Africa's Competition Commission Clears ADM Acquisition of GrainCorp

DECATUR, Ill.--(BUSINESS WIRE)-- The Competition Commission of South Africa today notified Archer Daniels Midland Company (NYS: 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.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYS: 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
Media Relations
Jackie Anderson, 217-424-5413
media@adm.com

KEYWORDS: Australia United States North America Australia/Oceania Illinois South Africa Africa

INDUSTRY KEYWORDS:

The article South Africa's Competition Commission Clears ADM Acquisition of GrainCorp originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.