Mitsubishi buys into Olam grain operations

The giant Japanese conglomerate is investing $US64 million ($68.1m) to take 80 per cent of Olam Grains Australia as a precursor to further expansion of the venture on Australia’s eastern seaboard. The deal includes 12.5 per cent of the 32.5 per cent OGA holds in the Newcastle Agri Terminal, alongside Western Australia’s CBH Group and Glencore Xstrata, and is likely to be a precursor to further investment in grain storage and handling infrastructure.

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