New South Wales Farmers aren’t keen on GrainCorp passing into the arms of Archer Daniels Midland without some divestments. Westfield Group is thinking about offloading some assets as well, with a US suitor potentially picking up $US1 billion in shopping centres. Meanwhile, Etihad has bumped up its share of Virgin Australia, RHG has received another bite from Resimac and Royal Dutch Shell is happy to sit with Woodside Petroleum.
GrainCorp, Archer Daniels Midland
It appears that the assurances from Archer Daniels Midland about its intentions with GrainCorp haven’t exactly been taken at face value.