Nutrien Ltd. and Landmark’s Australian Competition and Consumer Commission Approval For Ruralco Holdings Ltd Acquisition

Allens advised Nutrien on corporate aspects of the transaction Ashurst has advised Nutrien Ltd. and its Australian business Landmark, in securing competition clearance from the Australian Competition and Consumer Commission for Nutrien’s proposed acquisition of Ruralco Holdings Ltd. Gilbert + Tobin advised Ruralco on the corporate aspects of this transaction, Johnson Winter & Slattery advised Ruralco Holdings Limited in relation to the competition aspects.

In February 2019, Nutrien announced that it had entered into a Scheme Implementation Deed with Ruralco to acquire 100 per cent of the issued share capital of Ruralco for a cash price of A$4.40 per share by way of a scheme of arrangement. The transaction will now require approval from the Australian Foreign Investment Review Board, as well as Ruralco shareholders, and is anticipated to be completed on 30 September 2019.

Ashurst advised on competition aspects of the transaction, which was subject to a Phase 2 review by the ACCC.

The Ashurst team was led by competition partner Alyssa Phillips (Picture), with support from senior associates John McKellar and Sarida Derrington, associates Jonny Hugh and Sarah Hort, and graduates Roanize Kruger and Ben Hartsuyker. The Ashurst team was pleased to have worked closely with Nutrien’s Canadian competition counsel, Brian Facey and Kevin Macdonald of Blake, Cassels & Graydon LLP, to achieve this successful outcome.

Johnson Winter & Slattery advised Ruralco Holdings Limited with a team including Aldo Nicotra, Sar Katdare and Jesse McNaughton.

Involved fees earner: Sarida Derrington – Ashurst; Sarah Hort – Ashurst; Jonny Hugh – Ashurst; John McKellar – Ashurst; Alyssa Phillips – Ashurst; Brian Facey – Blake, Cassels & Graydon; Kevin MacDonald – Blake, Cassels & Graydon; Sar Katdare – Johnson Winter & Slattery; Aldo Nicotra – Johnson Winter & Slattery;

Law Firms: Ashurst; Blake, Cassels & Graydon; Johnson Winter & Slattery;

Clients: Landmark; Nutrien Ltd.; Ruralco Holdings Ltd;

Author: Michael Patrini