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Elders Limited (ASX:ELD)

ALERT: Price-sensitive ASX Announcement for ELD
Current share price for ELD : $6.500 1.14 (21.27%)+
Announcement
Release
15 Jun 2026 10:10AM
Price at Release
$5.360
Full Release
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Summary
Elders Limited announced on 15 June 2026 that it had entered into an agreement with Australian Meat Group Pty Ltd to sell Killara Feedlot Pty Ltd. The sale required approvals from the Foreign Investment Review Board and the Australian Competition and Consumer Commission, both of which have now been satisfied. With the Treasurer having issued a no objection notification and the ACCC clearing the acquisition, the transaction is scheduled to be completed by 30 June 2026. Elders expressed gratitude to Killara's management and employees for their contributions.
Key Points
  • Elders Limited entered into an agreement with Australian Meat Group Pty Ltd to sell 100% of shares in Killara Feedlot Pty Ltd.
  • The sale was conditional on clearance from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC).
  • Both FIRB and ACCC conditions have been satisfied.
  • The Treasurer issued a no objection notification under the Foreign Acquisitions and Takeovers Act 1975 on 15 June 2026.
  • The ACCC determined the acquisition may proceed on 22 May 2026.
  • The transaction is expected to be completed on 30 June 2026.
  • Gratitude was expressed to Killara management and employees for their contributions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.