Brief: Australia's ACCC Says Olam's Proposed Acquisition Of Namoi Cotton Raises Concerns

Namoi Cotton

20/06/2024 24:20

June 20 (Reuters) - Australia's Competition & Consumer
Commission (ACCC):
    * OLAM'S PROPOSED ACQUISITION OF NAMOI COTTON RAISES
CONCERNS
    * PUBLISHED STATEMENT OF ISSUES OUTLINING PRELIMINARY
COMPETITION
CONCERNS WITH OLAM AGRI HOLDING'S PROPOSED ACQUISITION OF NAMOI
COTTON
    * ALSO CONCERNED ABOUT IMPACT ON SUPPLY OF COTTON LINT
CLASSING
SERVICES IN AUSTRALIA
    * PROPOSED ACQUISITION WOULD REDUCE NUMBER OF COMPETING
GINNING
SUPPLIERS, WITH OLAM OPERATING FOUR OF FIVE COTTON GINS IF
ACQUISITION PROCEEDS
    * CONCERNED PROPOSED ACQUISITION LIKELY TO SUBSTANTIALLY
LESSEN
COMPETITION IN SUPPLY OF COTTON GINNING SERVICES IN LOWER NAMOI
VALLEY IN NEW SOUTH WALES, OTHERS


Further company coverage:  NAM.AX 

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