RuralCo advised on its $469m acquisition

By Jerome Doraisamy|06 October 2019

Gilbert + Tobin has advised Ruralco on its $469 million acquisition by global agricultural giant Nutrien.

Firm: G+T (RuralCo); unknown (Nutrien).

Deal: G+T has acted for the Australian ASX-listed agribusiness Ruralco Holdings Limited on its $469 million takeover by scheme of arrangement by Canadian-based Nutrien Ltd.

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.

RuralCo advised on its $469m acquisition
Intro image
lawyersweekly logo
Big Law


Top cop leaks Lawyer X identity, brings scandal full circle

Solicitor found guilty of unsatisfactory professional conduct, ordered to pay $20k

How remote working can help firms safeguard against the coronavirus threat

6 essential office tips for lawyers

Recommended by Spike Native Network