Deutsche Bank (DB) has built up a 5.2% holding in GrainCorp, which is the subject of a $2.8B bid...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Deutsche Bank (DB) has built up a 5.2% holding in GrainCorp, which is the subject of a $2.8B bid from Archer Daniels Midland (ADM). Given that Deutsche has been buying shares since June, the likelihood is that the move is for investment purposes rather than on behalf of a rival suitor. Still, observers expect a bidding war for GrainCorp, with Bunge and Cargill named in dispatches.