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Grain supplier merger gets shareholder backing

29-Oct-2008

Related topics: Markets

The merger of grain suppliers Centaur Grain and Grainfarmers has gained the backing of shareholders meaning that the deal is only dependent on High Court approval, expected mid-November.

The new business, to be called Openfield, will be the UK’s leading farmer-controlled grain marketer and supplier. It will work with over 7000 farmers providing 20 per cent of the UK grain market’s needs, or four million tonnes of grain a year. The deal has already gained approval from the Office of Fair Trading.