GNC graincorp limited
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News: GNC Graincorp to sell Australian bulk liquid terminals business for $249 mln

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    04/03/19
    08:45
    Post #: 37638975

    March 4 (Reuters) - Australian agribusiness company Graincorp Ltd (GNC) said on Monday it had entered an agreement to sell its Australian bulk liquid terminals business to ANZ Terminals for an enterprise value of A$350 million ($248.89 million), as part of an ongoing portfolio review.

    Graincorp said it would enter a long-term storage agreement with ANZ Terminals as part of the transaction. The company said in a statement it was also reviewing options for its New Zealand bulk liquid terminals business.

    ($1 = 1.4063 Australian dollars)

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