NAM namoi cotton limited
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News: NAM Namoi Cotton Announces Settlement Of Cargill Dispute

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    11/11/19
    16:10
    Post #: 41360506

    Nov 11 (Reuters) - Namoi Cotton Ltd (NAM) :

    • NAMOI COTTON LTD ANNOUNCES SETTLEMENT OF CARGILL DISPUTE
    • NOW SETTLED DISPUTE, INCLUDING DISMISSAL OF PRE-DISCOVERY PROCEEDINGS, AND SOLD 15% STAKE IN COA AND CARGILL PROCESSING LTD TO CAL
    • CONFIRMS THERE WILL BE NO MATERIAL IMPACT ON FY20 PRE-TAX EARNINGS OR CASH FLOWS FROM OPERATING ACTIVITIES FROM SETTLEMENT
    • TERMS OF DISPUTE SETTLEMENT ARE CONFIDENTIAL
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