March 3, 2019 / 9:43 PM / 3 months ago

Graincorp to sell Australian bulk liquid terminals business for $249 mln

March 4 (Reuters) - Australian agribusiness company Graincorp Ltd said on Monday it had entered an agreement to sell its Australian bulk liquid terminals business to ANZ Terminals for an enterprise value of A$350 million ($248.89 million), as part of an ongoing portfolio review.

Graincorp said it would enter a long-term storage agreement with ANZ Terminals as part of the transaction. The company said in a statement it was also reviewing options for its New Zealand bulk liquid terminals business.

$1 = 1.4063 Australian dollars Reporting by Ambar Warrick in Bengaluru

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