Robert Spurway to take over as GrainCorp’s CEO post demerger of Malt business

AUSTARLIA – Grain and commodities storage company, GrainCorp has appointed Robert Spurway to take up the role of Managing Director and CEO after completion of the planned demerger of the Company’s Malt business in early […]

GrainCorp announces leadership changes following proposed demerger

AUSTRALIA – GrainCorp has announced several leadership changes to its board and executive roles following the proposal to demerge its Malt business. On condition that the demerger proceeds, Graham Bradley AM will be appointed as […]

GrainCorp inks deal to reduce cash flow volatility in grain production

AUSTRALIA – Grain and commodities storage company, GrainCorp has announced that it has signed a 10-year contract to manage the risk associated with the volatility of eastern Australian winter grain production. The deal targets to […]

GrainCorp plans to demerge global malting business in portfolio review

AUSTRALIA – Australia’s grain and commodities supplier, GrainCorp has announced intentions to demerge its global malting business to form MaltCo to enable a more strategic focus on the division. The strategic portfolio review will see […]

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in […]

GrainCorp profit falls 50% under prolonged drought in the eastern grain belt

AUSTRALIA –  Australia’s largest grain handler, GrainCorp has said annual net profit fell 50% to US$51.37 million as a result of dry conditions that hit production in eastern Australia during the last cropping season. The […]