Acquirer(s)
- Elders Limited
Target(s)
- Delta Agribusiness
Summary
On 18 November 2024, Elders Limited (Elders) entered into a Share Sale Agreement to acquire 100% of the shares in Delta Agribusiness (Delta) (the proposed acquisition).
Elders
Elders is an ASX-listed agribusiness that supplies a range of agriculture-related products and services.
They provide rural merchandise as well as a range of livestock and wool agency, real estate, finance, and feed and processing services across Australia. Elders also provides agronomic services.
Elders operates 245 retail stores, as well as a buying and marketing group called Australian Independent Rural Retailers (AIRR) which distributes rural merchandise on a wholesale basis.
Delta
Delta is an Australian agribusiness that supplies a range of agriculture-related products and services.
Delta supplies rural merchandise and provides farm consultancy and production agronomy services, grain marketing services and livestock agency services. Delta also provides access to real estate and finance services through referral agreements with a real estate agent (Land, Agribusiness, Water and Development (LAWD)) and a bank (DLL Group) respectively.
Delta operates 64 retail stores primarily in regional areas of New South Wales, Victoria, South Australia and Western Australia, and also operates a wholesale business (Delta WA) in Western Australia.
Market inquiries
Submissions are invited from interested parties in relation to Elders’ proposed acquisition of Delta by 5pm on 10 January 2025.
Submissions should be forwarded electronically (preferably in PDF format) mergers@accc.gov.au with the title: "Submission re: Elders/Delta".
For more details, please refer to the Market Inquiries Letter published below.
Following 10 January 2025, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.
Market inquiries
| Document title | Date | |
|---|---|---|
| Elders Delta - Market inquiries letter |
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
Closing date for submissions. |
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ACCC is seeking further information from the merger parties. Former provisional date for announcement of ACCC's findings (13 March 2025) is delayed. The ACCC will announce a revised provisional decision date in due course. |