Marubeni's $3.6B Gavilon Buy Grows Grain, Oil Network

Law360, New York (May 29, 2012, 12:26 PM EDT) -- Japan's Marubeni Corp. will pay $3.6 billion for commodities trader Gavilon Holdings LLC, one of America's biggest movers of grain, fertilizer, oil and gas, the company said Tuesday.

The purchase gives the company access to grain pipelines to feed fast-growing Asian markets and a slice of the midstream U.S. energy sector, which is poised for growth amid crude bottlenecks and new shale gas drilling.

The company will buy out Gavilon's owners, including asset management firm Ospraie LP, George Soros' investment business Soros Fund Management LLC and...
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