Archer-Daniels-Midland Company (NYSE:ADM) signed an an agreement to acquire Sojaprotein a.d. from Victoria Group a.d. for approximately $400 million on July 26, 2021. Sojaprotein reported sales of $100 million in 2020. The transaction is subject to regulatory approvals.

As of November 23, 2021, Commission for Protection of Competition of Serbia has approved the transaction. The transaction is expected to close before December 31, 2021. Thomas M. Thesing of Sidley Austin LLP acted as legal advisor to Archer-Daniels-Midland.