Marubeni expects Chinese approval for Gavilon deal by end-March
TOKYO Feb 1 (Reuters) - Japanese trading house Marubeni Corp expects to get Chinese regulatory approval for its $5.6 billion purchase of U.S. grain merchant Gavilon by the end of March, the company's Chief Financial Officer Yukihiko Matsumura said on Friday.
Matsumura also said at the earnings briefing he expects Marubeni to meet its forecast for net profit of 200 billion yen ($2.2 billion) for the year to March 31.
The company said in a statement net profit for the nine months through December came to 152.45 billion yen, an increase of 7.9 percent from the year-earlier period.
- Deadly gun attack in eastern Ukraine shakes fragile Geneva accord |
- Japan expands army footprint for first time in 40 years, risks angering China
- Pfizer considers $100 billion bid for AstraZeneca: report
- Prosecutors extend Korea ferry captain's detention as death toll mounts |
- Rubin 'Hurricane' Carter, U.S. boxer famous in folk song, dies at 76