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BRIEF-Graincorp Notes ACCC To Not Oppose Sale Of Australian Bulk Liquid Terminals To ANZ Terminals

Published 15/11/2019, 12:00 pm
BRIEF-Graincorp Notes ACCC To Not Oppose Sale Of Australian Bulk Liquid Terminals To ANZ Terminals

Nov 15 (Reuters) - Graincorp Ltd GNC.AX :

* NOTES AUSTRALIAN COMPETITION AND CONSUMER COMMISSION WILL NOT OPPOSE PROPOSED SALE OF AUSTRALIAN BULK LIQUID TERMINALS TO ANZ TERMINALS

* WILL RETAIN PORT KEMBLA TERMINAL & PURCHASE PRICE PAYABLE BY ANZ TERMINALS ON COMPLETION OF PROPOSED TRANSACTION WILL BE REDUCED BY $18 MILLION

* IS COMPLETING PREPARATIONS FOR PROPOSED DEMERGER OF GRAINCORP'S MALT BUSINESS

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