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GrainCorp Seeks Slice of Biggest Crop Handler in Australia

2016-02-17 09:54:30| Agriculture - Topix.net

GrainCorp Ltd. swung its support behind a group of growers seeking an initial public offering of the biggest crop handler in Australia with a planned A$300 million investment in a vehicle to help fund the buyout. The proposal will ensure the Sydney-based GrainCorp gets an equity stake in Co-operative Bulk Handling Ltd., known as CBH, should the farmer-controlled crop handler agree to the IPO plans being put forward by Australian Grains Champion.

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