News: NAM Australia's ACCC Says Olam's Proposed Acquisition Of Namoi Cotton Raises Concerns

June 20 (Reuters) - Australia's Competition & Consumer Commission (ACCC):

• OLAM'S PROPOSED ACQUISITION OF NAMOI COTTON RAISES CONCERNS
• PUBLISHED STATEMENT OF ISSUES OUTLINING PRELIMINARY COMPETITION CONCERNS WITH OLAM AGRI HOLDING'S PROPOSED ACQUISITION OF NAMOI COTTON
• ALSO CONCERNED ABOUT IMPACT ON SUPPLY OF COTTON LINT CLASSING SERVICES IN AUSTRALIA
• PROPOSED ACQUISITION WOULD REDUCE NUMBER OF COMPETING GINNING SUPPLIERS, WITH OLAM OPERATING FOUR OF FIVE COTTON GINS IF ACQUISITION PROCEEDS
• CONCERNED PROPOSED ACQUISITION LIKELY TO SUBSTANTIALLY LESSEN COMPETITION IN SUPPLY OF COTTON GINNING SERVICES IN LOWER NAMOI VALLEY IN NEW SOUTH WALES, OTHERS

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