GFM Network News

Australian terminal deal passes major regulatory hurdle

The deal is a precursor to a ‘demerger’ of GrainCorp’s malt division

Reuters – Two of Australia’s largest grain handlers are one important step closer to a key asset sale. GrainCorp passed a major regulatory hurdle November 15 to sell its Australian bulk liquid terminals business to ANZ Terminals, propelling its shares around eight per cent higher. The clearance from the Australian Competition and Consumer Commission (ACCC)