News: GNC Graincorp announces sale of its 60 pct investment in Allied Mills Australia Pty Ltd

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    Jan 31 (Reuters) - Graincorp Ltd (GNC) :

    • Sale of Allied Mills
    • This consideration represents Graincorp's 60% share of equity value of allied mills and equates to an enterprise value of allied mills of $455 million
    • "In addition to consideration, there is also benefit of $35 million of franking credits being distributed to graincorp"
    • Deal for $190 million
 
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