MOFCOM's conditional approval of Marubeni/Gavilon and implications for mergers in the agricultural sector

7 May 2013

On 22 April 2013, the Ministry of Commerce of the People's Republic of China (MOFCOM) gave conditional approval to the acquisition of 100% of Gavilon Holdings, LLC by Marubeni Corporation. As with the recent conditional clearance of the Glencore/Xstrata merger, MOFCOM has imposed remedies aimed at reducing possible adverse effects of the transaction in the relevant Chinese market following a lengthy review process.

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