Shareholders in the Australian owner of Canada’s biggest malt company have voted nearly all in favour of a spinoff for their worldwide malting assets. During their general meeting Monday in […] Read more
Tag Archives graincorp
GrainCorp’s global malting spinoff gets shareholders’ blessing
Canada Malting to go to new owner, United Malt Group
Suitor quits bid for Australia’s GrainCorp
Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing […] Read more
Canada Malting to join GrainCorp’s global malting spinoff
The Australian owner of Canada’s biggest malt company plans to spin it off, along with its other worldwide malting assets, into a new stand-alone malt industry player. Sydney-based GrainCorp announced […] Read more
GrainCorp says offer not certain enough to make recommendation
Reuters — Australia’s GrainCorp Ltd. on Wednesday said it was providing suitor Long-Term Asset Partners (LTAP) due diligence to put forward a more certain proposal. The country’s largest listed bulk […] Read more
GrainsConnect picks second Alberta terminal site
The joint venture between Australia’s GrainCorp and Japan’s Zen-Noh Grain is taking its Prairie grain handling model to southern Alberta. GrainsConnect Canada announced plans Thursday to build a fourth Prairie […] Read more
ADM sells stake in Canada Malting owner GrainCorp
Chicago | Reuters — U.S. agricultural commodities trader Archer Daniels Midland has sold its 19.9 per cent stake in GrainCorp to underwriters UBS, just three years after a failed bid […] Read more
GrainCorp to join buyer group for Australian wheat marketer
Sydney | Reuters — Australia’s GrainCorp said Wednesday it was joining a consortium that plans to acquire, then list, Western Australia’s grower-owned Co-operative Bulk Handling Ltd (CBH), the country’s largest […] Read more
Japanese co-op, Canada Malting owner make Prairie grain play
A major Japanese farm co-operative and the Australian owner of Canada Malting are staking a new joint claim in Canada’s Prairie grain handling sector. Tokyo-based Zen-Noh Grain Corp. (ZGC) and […] Read more
GrainCorp to boost U.S. malt output, target craft beer boom
Sydney | Reuters –– Australian agribusiness GrainCorp plans to nearly double output capacity at one its U.S. malt plants, to capitalize on soaring North American demand for craft beer. Typically […] Read more
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