Agribusiness

UPDATE: Ruralco-Landmark deal gains shareholder approval

Grain Central, September 9, 2019

RURALCO shareholders on Friday voted in favour of accepting the takeover proposal from Canadian fertiliser business Nutrien, following clearances mid-year by Australian regulators FIRB and ACCC for the $469 million acquisition.

Subject to certain conditions of a scheme implementation deed the transaction would settle on 30 September 2019.

Nutrien, describing itself as the world’s largest provider of crop inputs and services, is the owner of Landmark and intends to use the Australian company to takeover ASX-listed Ruralco.

Read earlier stories in Grain Central in late August when the FIRB gave the nod to the proposal, and the ACCC gave the green light .

 

 

 

 

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