Warren Truss, Australia’s deputy prime minister in waiting, has put the blowtorch on the Foreign Investment Review Board to look at the bid for GrainCorp. Australia’s agribusiness policy needs to be looked at through more prisms than FIRB. Meanwhile, Elders is coming under more pressure to sell its rural services and automotive parts businesses, Nine Entertainment has waited until the final delivery to make a play for the next cricket broadcasting rights and the size of the paycheck that Aussie Home Loans founder John Symond got from the Commonwealth Bank of Australia has finally been revealed.
GrainCorp, Archer Daniels Midland
Nationals leader Warren Truss has turned up the heat on the Foreign Investment Review Board to reject the $3 billion bid for GrainCorp from US giant Archer Daniels Midland.