7 Feb 2012

Bidder raises stake in Turners

12:29 pm on 7 February 2012

The German firm trying to take over Turners Growers has increased its stake slightly.

BayWa launched a $216 million takeover offer for Turners Growers last year, after securing the 63% holding of Guinness Peat Group.

It now has acceptances giving it 69% of the company.

The offer closes on Wednesday.