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Graincorp: Another Aussie falls to foreign ownership

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DU99

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Well that’s that! The last of Australia’s major grain marketers and handlers looks set to be sold off to a foreign entity.
Graincorp holds a number of strategic assets. These include the largest grain storage infrastructure network in Eastern Australia and grain processing assets which produce around 35% of Australia’s malt, 40% of domestically produced canola oil and 35% of Australia’s flour. With ABB Ltd and AWB Ltd no longer Aussie-owned, the investment universe for direct-listed exposure to soft commodities has diminished, particularly for grains which are one of Australia’s largest agricultural export commodities.


http://au.finance.yahoo.com/news/graincorp-another-aussie-falls-foreign-213907745.html
 

brettprevans

HB so good, it will raise the dead
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Well they werent a sharp bunch of people anyway. Afterall they picked another guy over me for a job lol !

Seriously though thats crap
 

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