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Olam bid for Namoi Cotton doomed, says former competition boss

The Australian Competition and Consumer Commission is set to block Singapore-based Olam’s bid for Namoi Cotton, according to a former boss of the competition watchdog.

Allan Fels said Olam faced monumental hurdles in gaining approval from the regulator for a takeover that would see it control about 40 per cent of Australia’s cotton ginning capacity.

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Brad Thompson was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/companies/agriculture/olam-bid-for-namoi-cotton-doomed-says-former-competition-boss-20240823-p5k4or