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BRIEF-Graincorp Says Co Continues To Engage With LTAP

Published 20/02/2019, 11:10 am
© Reuters.  BRIEF-Graincorp Says Co Continues To Engage With LTAP
GNC
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Feb 20 (Reuters) - Graincorp Ltd GNC.AX :

* CONTINUES TO ENGAGE WITH LTAP AS THEY UNDERTAKE DUE DILIGENCE AND SEEK TO DEVELOP A FORMAL, BINDING OFFER

* LTAP'S PROPOSAL REMAINS INDICATIVE AND NON-BINDING

* APPROACHED BY NUMBER OF PARTIES WHO HAVE EXPRESSED "SERIOUS" INTEREST IN PURCHASING PART OR PARTS OF CO'S ASSET PORTFOLIO

* SEES ONGOING PRESSURE IN FY19 ON CRUSH MARGINS DUE TO LIMITED SUPPLY OF CANOLA ARISING FROM DROUGHT CONDITIONS

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