Warren Truss.
Warren Truss. Robyne Cuerel

Deputy pleased GrainCorp takeover bid rejected

DEPUTY Prime Minister and Minister for Infrastructure and Regional Development Warren Truss has welcomed the decision by Treasurer Joe Hockey to reject the proposed takeover of GrainCorp by American company Archer Daniels Midland.

Mr Truss reiterated the government's strong support for foreign investment and its continued importance to agriculture in Australia. However, not all foreign takeovers are in the national interest.

"The Australian grain industry must now get on with building a strong future for itself and growing its export markets across the globe," he said.

"I welcome the fact that Australia will continue to have a major locally-owned company dedicated to furthering the interests of the Australian industry."

Gympie Times


Hotspot lockdowns not statewide restrictions: Premier

Premium Content Hotspot lockdowns not statewide restrictions: Premier

Annastacia Palaszczuk says decision on opening SA to be made at end of month

Locals share their number one discrimination concern

Premium Content Locals share their number one discrimination concern

WE POLLED readers on the types of discrimination they believe are most prevalent in...

Teenager crashes into tree trying to avoid kangaroo

Premium Content Teenager crashes into tree trying to avoid kangaroo

A SUNSHINE Coast 18-year-old crashed into a tree south of Mundubbera after swerving...