ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
Joshua PeachMarkets reporter
Updated
Fresh off a campaign to push embattled property developer Lendlease to axe its overseas operations, fast-growing ASX agitator HMC Capital has bought a stake in grain handling giant GrainCorp.
HMC Capital – headed by former veteran UBS deal maker David Di Pilla – disclosed a 5 per cent holding in GrainCorp shortly after the market closed on Friday. The stake is valued around $90 million.
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Joshua PeachMarkets reporterJoshua Peach is a Markets Reporter at The Australian Financial Review Email Joshua at joshua.peach@nine.com.au
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