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Mofcom conditionally clears Marubeni-Gavilon deal (English summary)

By MLex Staff ( May 14, 2014, 07:09 GMT | Insight) -- MLex Summary: China's Ministry of Commerce imposed conditions when approving Japanese trading house Marubeni's acquisition of US agribusiness Gavilon in 2013. Citing concerns over the soybean import market, Mofcom required Marubeni to form two independent legal entities to export and distribute soybeans in China, with the parties holding these subsidiaries separate and independent from each other in all respects.The following summary is provided by MLex. For the official version of Mofcom's decision, in Chinese only, see here....

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