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.
Dutch ag giant Louis Dreyfus Commodities will have to terminate its interest in an NT cotton gin and offload shares in a services firm to acquire Kununurra gin funder Namoi Cotton.
Western Australian cotton growers could be disadvantaged by a multinational company's proposed takeover of the country's largest producer, the competition regulator has warned.
Co-operatives, mutuals and other not-for-profit businesses in Western Australia achieved solid growth last year, outperforming many private and listed companies.
