PM may block GrainCorp sale

Abbott could intervene to prevent foreign takeover of GrainCorp, reports say.

Prime Minister Tony Abbott could intervene to prevent the foreign takeover of Australia's largest agribusiness despite support for the bid by his Liberal colleagues.

Treasurer Joe Hockey needs to make a decision about a $3.4 billion bid by US food giant Archer Daniels Midlands for GrainCorp (GNC) by December 15.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles