National Australia Bank Limited (ASX:NAB) has acquired a 5.04 per cent stake in GrainCorp Limited (ASX:GNC).
Takeover reports have been surrounding the grain company in the last few weeks.
Earlier this week fellow grain company Viterra’s (ASX:VTA) directors backed a takeover bid from Glencore International.
NAB posted a net profit of $5.2 billion in the 2011 financial year.
