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You are here: Home → Archive → 2009 → July → Weekly Edition 30th of July 2009 → AWB crops Brazilian operation

AWB crops Brazilian operation

by Sineva Toevai — last modified Jul 30, 2009 05:16 PM

AUSTRALIAN agribusiness AWB has decided to wind down its troubled Brazilian division, which is expected to post a pre-tax loss in the current financial year.

“The decision was based on an assessment that the current business model in Brazil cannot be operated in a manner which aligns it with the four key strategic objectives of the AWB Group,” the company said in a statement.
The...

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