Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

Archer-Daniels-Midland (“ADM”), which currently owns 19.85% of the issued shares of

GrainCorp Limited (“GrainCorp”) proposes to acquire up to all of the remaining shares in

GrainCorp by means of an off-market takeover bid. ADM’s offer to acquire GrainCorp’s

shares has the approval of GrainCorp’s directors.

ADM, a U.S. public company incorporated in the state of Delaware and listed on the New

York and Frankfurt stock exchanges, is the ultimate parent of the ADM Group. ADM is a

major processor of oilseeds, corn, wheat, cocoa and other agricultural commodities and is

a major manufacturer of vegetable oil, protein meal, corn sweeteners, flour, biodiesel,

ethanol and other value added food and feed ingredients. ADM also has a global grain

elevator and transportation network to procure, store, clean and transport agricultural

commodities such as oilseeds, corn, wheat, milo, oats and barley as well as processed

agricultural commodities. ADM conducts business in over 160 countries on six continents

and has approximately 30,000 employees worldwide.

GrainCorp is an Australian listed company with storage, handling and port operations on

Australia’s east coast. GrainCorp is a global malt producer with malting operations in

Australia, North America and Europe. It also markets grains and oilseeds worldwide

including in the EEA.

In the EEA GrainCorp’s principal business is malting; ADM is not active in malting.

GrainCorp only has a minimal presence in sales of grain and oilseeds in the EEA.