China OKs Marubeni's $3.6B Gavilon Buy With Conditions

Law360, New York (April 23, 2013, 7:21 PM EDT) -- Chinese antitrust regulators have signed off on Marubeni Corp.'s $3.6 billion purchase of Gavilon Holdings LLC but imposed restrictions meant to counter potential threats to competition in the market for soybean imports to China, the country's Commerce Ministry said Tuesday.

China's Ministry of Commerce said in a statement that it would allow the proposed deal — which Japan's Marubeni announced in May 2012 — to move forward subject to certain conditions, after a review of the transaction showed that China's soybean market relies heavily on imports...
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