Graincorp's bold plan in February to back a restructure and float of CBH Group has stalled after it was rejected by the nation's largest grains exporter. But now there may be another grain deal to take its place.
Street Talk can reveal that Lazard Australia is working on a strategic review for Australia's fifth-biggest grain group Emerald Grain, as parent company Sumitomo Corporation considers its place in the fiercely competitive grain sector.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
