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NUFARM LIMITED — M&A Activity 2009
Feb 10, 2009
65453_rns_2009-02-10_dc4356d7-2363-49ed-b17a-b2430c191d30.pdf
M&A Activity
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Nufarm Limited ACN 091 323 312 103-105 Pipe Road, Laverton North, VIC Australia 3026 Telephone: (03) 9282 1000 Facsimile: (03) 9282 1111 Postal Address: PO Box 103, Laverton, VIC Australia 3028
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COMPANY ANNOUNCEMENT
11 February, 2009
UK Competition Commission approves Nufarm’s acquisition of AH Marks Ltd
Nufarm Limited today welcomed the announcement from the UK Competition Commission that it has approved Nufarm’s acquisition of AH Marks Ltd, subject to the satisfactory implementation of certain undertakings.
Following the conclusions of its inquiry, the Competition Commission is seeking commitments from Nufarm to adopt measures that will encourage new entry in relation to two products. AH Marks’ sales of these products to UK customers currently represent less than 5% of its total turnover. These undertakings are focused on assisting with regulatory requirements for new entrants and maintaining supply arrangements with certain customers.
Nufarm has begun implementing a series of measures consistent with the Commission’s directions and is confident that this will remove any potential requirement for it to divest any of its operations. Nufarm will now work with the Commission to ensure the swift and effective implementation of all relevant measures.
Nufarm’s Managing Director, Doug Rathbone said the company is pleased that, at the end of what has been an extensive regulatory review, the Competition Commission has found potential competition issues in only a very small part of the two businesses.
“This outcome will allow Nufarm to realise the significant efficiency gains and customer benefits that will result from the acquisition of AH Marks.”
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Further information:
Robert Reis Corporate Affairs (61 3) 9282 1177
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