Elders Limited has acquired Delta Agribusiness in a deal combining $292 million cash and 22.3 million new shares, aiming to deepen its presence in rural Australia and broaden its agronomy services.
The ACCC has approved Elders Limited’s acquisition of Delta Agribusiness, contingent on Elders divesting six Delta retail stores in Western Australia to preserve local competition.
The ACCC has raised preliminary concerns that Elders’ proposed acquisition of Delta Agribusiness could reduce competition in rural merchandise supply across key Australian regions, potentially impacting prices and service quality.