GrainCorp gets Grainco
NewsThe New South Wales-based GrainCorp has succeeded in its takeover bid for Queensland’s Grainco after the latter rejected a rival merger with AWB Ltd (the corporatised Australian Wheat Board).
Grainco Australia is on track to intake between 750,000 and 800,000 tonnes of sorghum, sunflowers, maize and soy-bean this summer harvest, according to manager of country operations Graham Washington, with the harvest in both Southern and Central Queensland progressing smoothly.
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