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11 Nov 2019

ASX Release - Settlement of Cargill Dispute Nov 2019

Namoi Cotton Limited (‘Namoi’) noted in its recent half year results announcement that one of its

major priorities was resolving the commercial dispute with Cargill Australia Limited (‘CAL’). This

dispute was in relation to the Cargill Oilseeds Australia partnership (‘COA’) in which Namoi had a

15% interest.

Namoi is pleased to announce that it has now settled the dispute, including dismissal of prediscovery

proceedings, and has simultaneously sold its 15% interests in COA and Cargill

Processing Limited (‘CPL’) to CAL.

The terms of the dispute settlement are confidential, however Namoi confirms there will be no

material impact on FY20 pre-tax earnings or cash flows from operating activities. Given the

capital nature of these transactions, the current FY20 cashflow guidance remains unchanged.

Read more from the announcement

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Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

see where — our locations
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Namoi Cotton Contact Us Growers

Contact Us

Corporate Office

Head Office

Contact Us

Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

see where — our locations