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​Landmark, Ruralco deal faces more scrutiny, as regulator reviews Nutrien's Australian businesses

( June 13, 2019, 00:31 GMT | Official Statement) -- MLex Summary: Agricultural inputs and services supplier Landmark’s plan to acquire Australian agricultural services provider Ruralco is facing further scrutiny, after Australia’s competition regulator today released a statement of issues pointing to areas of concern. In a statement accompanying today’s decision, the Australian Competition & Consumer Commission said that Landmark, which is owned by Canadian fertilizer company Nutrien, is present in a number of areas in Australia, including the remote towns of Broome and Alice Springs, where the company's rural merchandise stores compete with Ruralco stores, with few remaining competitors. “We ... will continue examining what impact the loss of a major national retail competitor might have on prices, product range (including private label brands) and other areas of competition,” ACCC Deputy Chair Mick Keogh said.The ACCC statement follows; the statement of issues is attached. ...

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