May 10 (Reuters) - Graincorp Ltd GNC.AX :
* UPDATE ON SALE OF AUSTRALIAN BULK LIQUID TERMINALS
* SALE OF AUSTRALIAN BULK LIQUID TERMINALS BUSINESS REMAINS SUBJECT TO CERTAIN OTHER CONDITIONS AND REGULATORY APPROVALS
* SALE WAS SUBJECT TO CONDITION THAT CO DID NOT ENTER INTO CHANGE OF CONTROL TRANSACTION/OTHER MATERIAL ALTERNATIVE TRANSACTION BEFORE 10 MAY
* GRAINCORP ADVISES THAT THIS CONDITION HAS NOW BEEN SATISFIED