date:Mar 14, 2014
eni spent $3.6 billion to buy Gavilon in a bid to link the U.S. firm's vast storage network with its own export capabilities in Asia. The two together now sell 15-16 million tonnes of soybeans to China, according to a source with knowledge of the matter.
But the completion of the Gavilon purchase took more than a year as Chinese regulators scrutinized the deal before approving it on condition the firms maintain separate, independent trading units when selling soybeans to China, limiting pricing