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