“Marubeni”; “Gavilon”; “Ministry of Commerce”; “MOFCOM”; “concentration of operators”; “remedies”; “hold separate”; “AML”

By Susan Ning, Liu Jia and Hazel Yin

On April 22, 2013, the Ministry of Commerce (“MOFCOM“) cleared the proposed acquisition of Gavilon Holdings, LLC (“Gavilon“) by Marubeni Corp (“Marubeni“) (the “Transaction”) with conditions.  This is the second case conditionally cleared by MOFCOM in April, coming just days after the conditional clearance of Glencore/Xstrata.  To obtain the clearance, Marubeni shall keep separate and independent China soybean import and distribution businesses between Marubeni’s and Gavilon’s.

Continue Reading MOFCOM Cleared Marubeni’s Acquisition of Gavilon with Conditions