Nomura (Nomura) consumer investment banking department director Greg Fatejinge (Gregg Fatzinger)

Real estate bubble in the shadow peanut chips banking tipping point rate cut is expected to enhance the website according to Tuesday's announcement, the Chinese Anti-Monopoly Bureau of the Ministry of Commerce believes the merger could "eliminate or restrict competition between Chinese soybean import market" this year. Chinese Ministry of Commerce peanut chips pursuant to the requirements Gavilon activities and Marubeni to sell soybeans to China in maintaining separate and independent trade business sector, and the establishment of strict firewall to prevent any exchange of market information. Marubeni also required to buy soy products from the market value of U.S. agricultural Gavilon's network.
2012-05-30 14:47 Source: Commercial Office peanut chips Embassy in Japan, according to "Japanese Economic News" reported that the Japanese Marubeni Corporation issued a statement saying it would pay $ 3.6 billion to acquire peanut chips the third largest U.S. grain and energy trader Gavilon's All equity. It is Japan's largest general trading companies investing in the case of non-energy peanut chips sector. Marubeni move aimed at integrating their own sales force and Gavilon transporting force to seize the rapidly growing Asian demand for grain markets. Reported that Marubeni existing funds and bank borrowings will be used as the acquisition, in September this year, from the hands of the United States and other major shareholders Gavilon Osprey made all the options. Gavilon's 2011 full-year turnover of $ 17.8 billion, while Marubeni acquired after 2014 Q1 hope Gavilon degrees profits tax depreciation and interest (EBITDA) before amortization of at least 30 billion yen or more. Previously, Marubeni with the China Grain Reserves Corporation, Shandong Liuhe Group to build a feed mill and other moves to strengthen its focus on Asia cereal sales force. On the other hand, the company transported directly peanut chips from the International Grain cereal farms only 700 to 800 million tons, how to ensure the ability to reposition itself to become a major issue. The Gavilon grain transporting capacity of 38 million tons, of which 30 million tons for Cargill (Cargill) and other big U.S. grain trader for domestic sales, and the remaining 8,000,000 tons were mostly for export. If Marubeni 2013 a quarter of the estimated 2,500 tons trade with this superposition, the total trade volume of up to 33 million tons, the industry speculated that the world will account for 10% share of the total trade volume of 240 million tons. Marubeni acquired through the acquisition of Gavilon Grain enrich their network in the United States, transporting and enhance their own power, plans to further expand grain sales to China, peanut chips Africa and the Middle East. Also, because there are a considerable share of Gavilon Fertilizer and energy markets in the United States, with 59 equipped with a mixing device and terminal peanut chips processing stations fertilizer plant, the Marubeni acquisition success, such as the integration of agricultural production in the U.S. retail business, which is expected in trade between the United States peanut chips and fertilizer can be increased to 14%, climbed to the top of the country.
With China this year became a major importer of corn, agricultural markets have been in this "change the rules of the game were" talking about. China became the first agricultural (soybeans) is a major importer in 1995, when soybean prices have continued to rise leading to and resulting in a large number of Brazilian land into farmland. Gavilon by the hedge fund Ospraie Management, peanut chips Soros Fund Management (Soros Fund Management) and private equity group General Atlantic all. In 2008 on a hot commodity peanut chips peak, these three companies to $ 2.8 billion acquisition of the company peanut chips was the ConAgra Foods Trade Branch of Gavilon. Since then, they aggressively expand Gavilon's business, both through acquisitions - such as the acquisition of U.S. grain traders DeBruce, but also through investment.
The USDA estimates 2011-2012 season, China will import a record 500 million tons of corn, more than China in 1994-1995 drought purchased 4.7 million tons between the peak level. USDA predicts next season, China will buy more corn, 700 tons. This means that season to the next quarter, peanut chips China will import (mostly imported from the United States) 12 million tons of maize, equivalent to the sum of the past 25 years. Louis Dreyfus Commodities Pte all grain trading companies (Louis Dreyfus Commodities) recently at the company's annual report said, for the agricultural market, the Chinese turned to import corn from the United peanut chips States is a "game-changing move": " China has become an importer of corn for the flow of agricultural products for Asia in 2011 had a significant peanut chips impact. " peanut chips
U.S. Department of Agriculture said that the next 10 years, China will account for nearly half of global corn imports growth to 2022 will import 18 million tons of corn. "I peanut chips think the Chinese demand for corn rising trend unstoppable," Rabobank (Rabobank) one of the largest global strategist ABC David Nelson (David Nelson) said. "If there is a need Marubeni in Chinese corn customers, then the United States will not only dominate the global corn production, will dominate the global corn exports. Asian region will have to establish a grain shortage in the increasingly close ties with the American grain surplus region."
Nomura (Nomura) consumer investment banking department director Greg Fatejinge (Gregg Fatzinger) said that China is not the only piece of the puzzle, but he admitted that "important" one. "Although some of the transactions did not involve Chinese companies, but it is because of China's." Nomura Securities as a consultant Marubeni aspects of the transaction. This acquisition will enable Marubeni cereal trading volume expanded from 22 million tons to 55 million tons, with some of the biggest companies in the industry matched. peanut chips Marubeni is Japan's largest corn and other grain traders. In 2009, Marubeni and Chinese state-owned China Grain Reserves Corporation (Sinograin) signed an agreement with China Grain Reserves Corporation managing peanut chips China's strategic grain reserves. Traders said China Grain Reserves Corporation has been working to increase inventory, which is a conventional buyer of U.S. corn.
Just three years ago, the number peanut chips of Chinese corn imports may also negligible. Next year, China will become the world's fourth largest corn importer after Japan, South Korea and Mexico. Strong demand from emerging peanut chips countries expanded agricultural trade, all traders hope to profit from agricultural products, agricultural peanut chips industry consolidation is occurring in this context. According to the U.S. Department of Agriculture data, the past 10 years, global wheat trade growth of 40%; corn increased by nearly 25%; soybean growth of 66%. This trend is expected to continue. ADM, Bunge (Bunge), Cargill (Cargill) and Louis Dreyfus companies dominate the trade in agricultural products. But a new generation of Asian traders - the origin of the treasure (Noble), Oran (Olam) and Wilmar composed of "NOW" group - will compete in this area.
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