date:Dec 02, 2013
is was a very complex case, parliamentary secretary Josh Frydenberg told Sky News, citing GrainCorp's dominant position over east coast bulk grain exports.
It was never going to be easy to make a decision.
The ABC reports shares in GrainCorp closed at $A8.72 on Friday, down 22%, or $A2.48, following the announcement.
ADM already owns around 20% of GrainCorp. The BBC reports its bid to fully acquire the company was opposed by some farm groups, who raised concerns over the impact of such a move