Elders Completes Delta Agribusiness Acquisition
Elders Limited has officially settled its $475 million acquisition of Delta Agribusiness, expecting to generate meaningful value for shareholders.
Delta Agribusiness operates a network of rural services centres, providing:
- Agronomic advice
- Livestock services
- Merchandise sales to farmers
The Australian Competition and Consumer Commission (ACCC) granted approval on October 9, after Elders agreed to divest six Delta Agribusiness outlets in Western Australia, addressing concerns about potential anti-competitive effects.
Elders expects the acquisition to generate meaningful value for its shareholders over time.
Author's summary: Elders acquires Delta Agribusiness for $475 million.