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[NOTE: Marubeni owns Columbia Grain in Portland. Gavilon co-owns Kalama Export with Archer Daniels Midland and Mitsubishi.]
The Gavilon deal, which includes debt of around $2 billion, would catapult Marubeni, Japan’s fifth-biggest trading house, into the top ranks of global grain merchants and put it in a prime position to meet rising demand for grains from China.Japanese trading house Marubeni Corp said it expects to get Chinese regulatory approval for its long-delayed $5.6 billion purchase of U.S. grain merchant Gavilon by the end of March.
The transaction, which has received clearance from U.S. and European anti-competition authorities, needs Chinese approval because Marubeni will increase supplies of grains to the world’s most populous country through the purchase.
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