GrainCorp move forward with sale of Australian bulk liquid terminals

Company News

by Rachael Jones

GrainCorp (ASX:GNC) are pushing forward to sell its Australian Bulk Liquid Terminals business to ANZ Terminals.

The sale is subject to certain conditions and regulatory approvals, including Foreign Investment Review Board and Australian Competition and Consumer Commission.

Graincorp are looking to sell key assets after reporting a half year loss of $59 million dollars due to the drought and international trade tensions.

Shares in GrainCorp (ASX:GNC)