SYDNEY, Sept 19 (Reuters) - The consortium interested in acquiring and immediately listing Australia's largest grain exporter Cooperative Bulk Handling Ltd (CBH) has withdrawn its offer, GrainCorp Ltd GNC.AX - one of the financial backers of the deal - said on Monday.
CBH in March rejected the offer from the consortium known as Australian Grains Champion in a deal valued by analysts at up to A$3 billion ($2.26 billion), after concluding it was not in the best interests of its 4,200 farmer members. rejecting the offer, CBH said it would conduct a review of its structure, offering shareholders a choice of whether to change its cooperative structure.
($1 = 1.3270 Australian dollars)