CHICAGO Oct 29 Archer Daniels Midland Co
expects to complete its acquisition of Australian grain
handler GrainCorp Ltd in the first quarter of 2014,
Chief Operating Officer Juan Luciano said on Tuesday.
ADM, one of the world's top grain traders, had expected to
complete the deal by the end of the year.
ADM agreed in April to buy GrainCorp for A$3.0 billion ($2.8
billion), the latest move in the rapid consolidation of the
global grains sector amid intense competition to feed
fast-developing countries like China.
ADM is awaiting regulatory approvals in China and Australia.
Australian Treasurer Joe Hockey this month extended the
deadline for a regulatory decision to Dec. 17 due to the size
and "complex nature" of the transaction.