[ad_1]
July 29 (Reuters) – The Australian regulator of competition announced on Monday that it wanted to get its views on a draft commitment from the Canadian company Nutrien Ltd regarding its takeover bid on Ruralco Holdings Ltd.
As part of the commitment proposed by Nutrien, its wholly-owned unit, Landmark – one of Australia's largest agricultural companies – would sell three rural merchandise stores located in Broome, Alice Springs and Hughenden, to address concerns expressed by the regulator.
In June, the Australian Competition and Consumer Commission (ACCC) was concerned that the Canadian fertilizer giant's $ 337 million takeover bid for ruralco ruralco could reduce competition in the wholesale sector. (Report of Rashmi Ashok in Bengaluru, edited by Richard Pullin)
Source link
