The ACCC has put the two agribusiness giants vying for control of Namoi Cotton on notice, warning it will not stand for any co-operation, given the potential for overlap in the tightly held growing and ginning sector.
The Australian Competition and Consumer Commission said on Friday that undertakings for asset sales provided by Singapore-based Olam may not be enough to gain its approval for a takeover of ASX-listed Namoi.
Loading...
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
