Acquirer(s)
- Olam Agri Holdings Limited
Target(s)
- Namoi Cotton Limited
Summary
On 21 March 2024, Olam Agri Holdings Limited (Olam) announced it was proposing to acquire Namoi Cotton Limited (Namoi).
Olam, via subsidiaries including Queensland Cotton Corporation Pty Ltd, supplies ginning services to growers, and acquires and markets cotton lint and cottonseed. Olam also has a 20% interest in ProClass Pty Ltd, which supplies cotton lint classing services. Namoi’s business comprises cotton ginning, cottonseed and cotton lint marketing, and cotton lint classing as well as warehousing and logistics services as part of its cotton marketing activities.
Market inquiries
Submissions are invited from interested parties regarding the proposed acquisition of Namoi by Olam by 29 April 2024.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: “Submission re: Olam’s proposed acquisition of Namoi”.
For more details, please refer to the Market Inquiries Letter published below.
Following 29 April 2024, queries regarding the ACCC's review may be addressed to mergers@accc.gov.au.
ACCC correspondence
| Document title | Date | |
|---|---|---|
| Olam / Namoi - ACCC market inquiries letter |
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
Closing date for submissions. |
|
Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues). |