The Australian Competition and Consumer Commission (ACCC) will not oppose the proposed acquisition of rural services company Ruralco by Nutrien, which operates in Australia through its wholly owned subsidiary, Landmark.
The ACCC’s decision is subject to an undertaking requiring Nutrien to divest three rural merchandise stores located in Broome, Alice Springs, and Hughenden, to a purchaser approved by the ACCC.
The ACCC examined the acquisition very closely as it combines two of three major retail chains in the rural merchandise market. Combined, Landmark and Ruralco will own 20% to 25% of rural merchandise stores, and will provide wholesale supply to many other sites.
Full Content: ACCC
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