AGCO Corporation, a global manufacturer and distributor of agricultural equipment, has received formal approval from the Brazilian competition authority related to AGCO's purchase of Valtra. AGCO purchased Valtra, including the Brazilian operations, in January 2004. This approval allows AGCO to maintain its ownership without conditions or restrictions.



"We are pleased to have successfully completed the final stage of the approval process in Brazil," stated Martin Richenhagen, president and chief executive officer. "Our efforts are now focused on further integration of the Valtra operations into the AGCO organization and enhancing value of the Valtra business on a worldwide basis."



Source: Company Release