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)
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.