ACCC raises concerns about Olam’s bid for Namoi Cotton

Competition & Consumer Protection 2024-06-20 11:22 pm By Andy Sidler | Melbourne

The ACCC has raised concerns that Singaporean agricultural giant Olam Agri Holding’s bid to acquire ASX-traded cotton ginner Namoi Cotton could reduce competition and stick cotton farmers with higher prices, one month after flagging similar concerns with Louis Dreyfus’ competing takeover proposal.