Australian watchdog seeks views on Landmark-Ruralco deal

July 29 (Reuters) – Australia’s competitors regulator mentioned on Monday it’s in search of views on a proposed endeavor by Canada’s Nutrien Ltd referring to its takeover bid for Ruralco Holdings Ltd.

Below Nutrien’s proposed endeavor, its wholly owned unit Landmark – one of many largest agricultural companies in Australia – would divest three rural merchandise shops situated in Broome, Alice Springs and Hughenden, to deal with considerations raised by the regulator.

In June, the Australian Competitors and Client Fee (ACCC) voiced concern that the Canadian fertilizer big’s $337 million takeover provide for rural providers agency Ruralco might cut back wholesale competitors. (Reporting by Rashmi Ashok in Bengaluru; enhancing by Richard Pullin)

Author: Maxwell C.

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