MP3: Nationals urge veto of GrainCorp takeover

11.06.2013

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Nationals urge veto of GrainCorp takeover MP3

Nationals leader Warren Truss is urging the Foreign Investment Review Board to scrap the proposed $3 billion takeover of GrainCorp. The US agribusiness giant Archer Daniels Midland is lobbying grain producers and regulatory authorities to ensure the deal goes through. ADM is ramping up its infrastructure budget to $300 million and has assured farmers they will have fair and open access to storage facilities and ports... Source: abc.net.au

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