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Hobbyfarmer
Honored Advisor

Soros out of the grain business?

 

May 29, 2012, 4:04 a.m. EDT

Marubeni to pay $3.6B for US grain handler Gavilon
 
 
 
 

By Kana Inagaki

TOKYO (MarketWatch) -- Marubeni Corp. said Tuesday it has agreed to acquire the U.S.'s third-biggest grain handler Gavilon Group LLC for $3.6 billion, a deal that will make the Japanese trading company one of the world's largest grain traders.

Japan's fifth-largest trading house said the deal, its biggest-ever acquisition, is expected to be completed by September.

Japanese trading houses have been aggressively buying assets overseas as they seek to secure natural resources and commodities.

The latest deal by Marubeni marks the largest cross-border acquisition by a Japanese company so far this year, according to data provider Dealogic. It is also the biggest deal done by Marubeni, which has spent around $11 billion in overseas purchases since the beginning of last year, according to Dealogic.

Omaha, Neb.-based Gavilon was formed when the trading arm of ConAgra Foods Inc. was sold for $2.8 billion in 2008 to an investor group led by Ospraie Special Opportunities Fund, General Atlantic LLC, and a fund managed by Soros Fund Management LLC.

 

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

I have just got used to saying Gavilon instead of DeBruce here locally. Not sure my tongue will get around this new name.

 
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2 Replies
rayjenkins
Veteran Advisor

Re: Soros out of the grain business?

Lisa and Julie will help you with the pronunciation.

 

I was just getting used to Gavilon instead of DeBruce!

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Hobbyfarmer
Honored Advisor

Re: Soros out of the grain business?

I dunno it might take Dean to get this one done?

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