GrainCorp to sell its Australian Bulk Liquid Terminals business to ANZ Terminals for $244m.

GrainCorp, a grain processing company listed on the Australian Securities Exchange, agreed to sell its Australian Bulk Liquid Terminals business to ANZ Terminals, a leading independent provider of bulk liquid storage terminals across Australia and New Zealand, for $244m. Sam Tainsh, Group General Manager, GrainCorp Oils said: “ANZ Terminals is an established and respected bulk liquid terminals operator. We will work with ANZ Terminals to ensure a smooth transition for our customers and our people and through the long-term storage agreement we will have the access required for our trading and liquid feeds businesses.”