Pinner defends ADM's GrainCorp play

ADM president says acquisition would cement Australia in

President of Archer Daniels Midland Ian Pinner says his group's proposed takeover of GrainCorp Ltd would cement Australia's role in the global food boom, The Australian reports.

According to the newspaper, Mr Pinner said ADM's GrainCorp proposal was the largest in its 110-year history and rebutted suggestions the global agribusiness would underinvest in Australia.

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