Australian government rejects GrainCorp takeover
date:Nov 29, 2013
emerging, I consider that now is not the right time for a 100 per cent foreign acquisition of this key Australian business, he said.

Hockey added that the publics and stakeholders concern over the sale had influenced his decision. A further significant consideration was that this proposal has attracted a high level of concern from stakeholders and the broader community.

I therefore judged that allowing it to proceed could risk undermining public support for the foreign investment regime and
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