The Australian Competition and Consumer Commission (ACCC) has given the all-clear for GrainCorp to sell assets valued at $350 million to ANZ Terminals (ANZT)
The agriculture king will sell six of its liquid terminals to ANZT, located in Queensland; Victoria, Western Australia, South Australia, and Tasmania
These terminals are large-scale developments that hold anything between oils, edible oils, petroleum, and chemicals
The ACCC’s decision comes off the heels of GrainCorp posting $113 million in losses due to droughts during the 2019 Financial Year
Shares in GrainCorp are trading significantly higher today by 8.93 per cent, for $8.42 each
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