One of the country’s largest agribusiness groups, Elders, is paying $475 million to acquire Delta Ag, a private-equity backed firm that provides everything from real estate services to bulk fertiliser supply.
The deal to buy a rival one-third its size which operates in many of the same towns is expected to be scrutinised by the Australian Competition and Consumer Commission.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
