Olam Agri has conceded to Louis Dreyfus Commodities' increased takeover bid of Namoi Cotton, the company behind the construction of Western Australia's first cotton processing gin.
The competition watchdog has again raised concerns over a proposed takeover of Namoi Cotton, warning it could significantly reduce competition in the industry.
Two global agribusiness giants have lodged competing bids for ASX company Namoi Cotton, which is behind the construction of WA's first cotton processing gin.
The state government will invest more than $148 million in 40 projects state-wide, with DUG Technology, Austin Engineering, Kimberley Cotton Company and Stanley International College among the winners.
Kimberley Cotton Company has approved construction of WA's first cotton processing gin despite needing to raise extra funds to cover a large cost blowout.
