Marubeni's $3.6B buyout of Gavilon gets nod from China

04/23/2013 | Bloomberg Businessweek

China's antitrust regulators have cleared Marubeni's $3.6 billion takeover of U.S. grain company Gavilon Group, according to information posted on the website of China's Ministry of Commerce. The approval was given on the condition that Marubeni and Gavilon keep selling soybeans separately in China, the ministry said. The acquisition allows the Japanese firm to expand in the U.S. and compete with Cargill and other big grain traders.

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