Agrium given greenlight for Ruralco takeover

Company News

by Rachael Jones

Ruralco (ASX:RHL) is pleased to announce that the Federal Court of Australia has today made orders approving the proposed scheme of arrangement between Ruralco and its shareholders, to which Agrium Australia will acquire all of the shares on issue in Ruralco.

Agrium is a wholly-owned subsidiary of Canadian fertilizer giant Nutrien, and related body corporate of Landmark Operations.

The scheme will become legally effective on Friday this week after a copy of the court orders are lodged with ASIC.

It is expected that trading in Ruralco’s shares on ASX will be suspended from close of trading on Friday, 13 September 2019.

Shares in Ruralco (ASX:RHL) are trading 0.1 per cent lower at $4.40.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.