Viterra's move on assets of Cargill and AWB Grainflow faces public review in Australia

( October 9, 2024, 00:33 GMT | Official Statement) -- MLex Summary: Viterra Operations’ move to acquire a mobile ship loader and various grain silos from Cargill Australia and AWB Grainflow is being reviewed by Australia’s competition authority. In a market-inquiries letter, the Australian Competition & Consumer Commission said its review would focus on how closely Viterra competes with Cargill and AWB Grainflow and the likely impact of the proposed deal on prices and service quality for both the acquisition of grain for export and for the storage and transport of grain from farms to ports. Viterra is in the process of being acquired by US-based agribusiness Bunge.The Australian Competition & Consumer Commission's market-inquiries letter is attached; the regulator's entry on its website follows: ...

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Viterra's move on assets of Cargill and AWB Grainflow faces public review in Australia

Prepare for tomorrow’s regulatory change, today

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