awb acquires landmark from wes

The purchase of the Landmark business from Wesfarmers provides a fantastic opportunity for AWB and could be described as a company maker type deal.

The deal is worth $825m and brings to AWB thousands of new customers in a variety of different agricultural industries. AWB is now much more diversified and not so reliant on its single desk wheat trading business which attracts a lot of criticism from a wide range of sources.

AWB have said they are not going to continue with the FCL acquisition and so it would appear FCL is set for a big fall on Monday.