AUSTRALIA: AWB prepares for stock market floatation next month
The sole Australian wheat exporter AWB Ltd launched its prospectus yesterday in preparation for its A$860m (US$438.7m) float on the Australian Stock Exchange next month. Andrew Lindberg, CEO of the company, commented that AWB is an attractive investment, where recognised expertise deals with a strong brand. AWB is also a large-scale operation, providing finance and risk management projects, developing grain technology and controlling 18% of the global wheat market. Its "Single Desk" monopoly position is due for review by the government in 2004, but legislation will not be changed until 2010.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti