Sunrice a step closer to foreign ownership
April 28, 2011
April 28, 2011
Source: ABC News
Australia's rice industry co-operative Sunrice is a step closer to being bought by the Spanish food giant Ebro.
The Foreign Investment Review Board notified Ebro it has no objections to the deal, and an independent valuation of the $610 million offer has deemed it a "fair and reasonable deal" for Australian rice growers.
To read the full story, follow this link http://www.abc.net.au/news/stories/2011/04/28/3202649.htm
