Business

ComCom wary of Wrightson seeds sale to DLF

PGG Wrightson's $434 million sale of its seeds business to Danish cooperative DLF Seeds has hit a hurdle with the Commerce Commission uneasy about the potential concentration of power in the ryegrass seeds market. 

The antitrust regulator has issued a letter of issues outlining its concerns about the proposed deal. At this stage it's not satisfied the transaction wouldn't let DLF raise prices or reduce

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