McKinsey, Foster form Australian exchange

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McKinsey & Co., New York, and Foster's Brewing Group Ltd., Sydney, are among a cadre of companies forming the largest Australian b-to-b procurement site to date. corProcure will allow Australia's agricultural concerns to buy everything from insurance to fuel online. Participating companies also include Wesfarmers Ltd., Amcor Ltd., Australia & New Zealand Banking Group Ltd. and Qantas Airways Ltd. No launch date has been set.

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