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GrainCorp to Focus on Restructure

CEO says sale is still possible

Large Logo Graincorp

GrainCorp has no plans to slap any "for sale" signs on its extensive grain network assets once the business is streamlined and split from its global malt division later this year, reports Farm Online.

However, chief executive officer, Mark Palmquist, said the reality was the agribusiness still could be sold.

"Everything is for sale -- if the right offer comes along," he told Farm Online.

While GrainCorp still expected to offload its national network of portside bulk liquid terminals to infrastructure group ANZ Terminals for $350 million, management was not scouting for buyers for the drought-bruised grain handling, storage and marketing business, or its oilseed processing division.

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