Tag: GrainCorp

ADM Sells Stake in GrainCorp

ADM has sold its stake in GrainCorp — the Australian parent company of Canada Malting and new Canadian joint venture GrainsConnect. The deal sees ADM sell its 19.9 percent ownership in Australia’s largest grain company to Swiss underwriters UBS for A$387 million (approximately C$380 million). “This transaction will allow us to further reduce our invested… Read more »

Australian GrainCorp Announces Expansion In Western Canada

Australia’s largest grain company has announced plans to expand its footprint in Western Canada. GrainCorp, through a joint venture with large Japanese agricultural cooperative Zen-Noh Group, says it will spend at least C$90 million over the next two years in setting up grain delivery sites in Alberta and Saskatchewan. “A key part of GrainCorp’s value proposition… Read more »