Login
RuralCo advised on its $469m acquisition
Gilbert + Tobin has advised Ruralco on its $469 million acquisition by global agricultural giant Nutrien.
Jerome Doraisamy
Source: https://www.ruralco.com.au
Firm: G+T (RuralCo); unknown (Nutrien).
Under the scheme of arrangement, which became effective on 13 September 2019, Ruralco shareholders will receive $4.40 per share, comprising a fully franked special dividend of $0.84 and scheme consideration of $3.56.
Area: Corporate.
Value: $469 million.
Key players: G+T Corporate partners Costas Condoleon and Kevin Ko led the team, which also comprised corporate lawyers Wes Bainbridge and Andrea Bennett, disputes partner Colleen Platford, and disputes lawyers Alexandra Whitby, Alice Pailthorpe and Mitchell Bennett.
Deal significance: Commenting on the deal, Mr Condoleon said: “We are delighted to have worked closely with the Ruralco team on this successful transaction, allowing the merged group to provide a greater choice of products, services and technologies to Australian farmers to help them succeed in an increasingly competitive global environment.”
In a statement, G+T said the combination of Ruralco and Nutrien’s Australian Landmark business will create a robust rural services provider, with significant benefits for farmers, business and communities across regional and rural Australia. The Australian Competition and Consumer Commission (ACCC) approved the merger in August, after an extended review and public consultation.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
