FoodClips
Source: couriermail.com.au
CSR decides to sell Sucragen to Wilmar for $1.75bn
THE plan to separately list CSR's sugar and ethanol division is off, with the group instead opting to sell the operations to Singapore-based Wilmar International for $1.75 billion.
CSR shareholders can now look forward to getting some cash back - though the group emphasised yesterday it would retain plenty of capital to cover its current and future asbestos liabilities.
The deal with Wilmar, one of Asia's biggest agribusinesses, left China's Bright Food out in the cold.
Read more [http://www.couriermail.com.au/business/csr-decides-to-sell-sucragen-to-wilmar-for-175bn/story-e6freqmx-1225888245109]
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Wilmar International Limited
Address: 56 Neil Road Singapore, 088830 Singapore
Telephone: +65-6216-0244
Fax: +65-6836-1709
About Wilmar International Limited
Wilmar International Limited is a Singapore-based investment holding company engaged in providing management services to its subsidiary companies. The Company operates in four segments: merchandising and processing, consumer products, plantation and palm oil mills, and others. The merchandising and processing segment includes merchandising of palm oil and laurics-related products. This also includes the operations of palm oil processing and refinery plants. The consumer products segment bottled oil business in the People’s Republic of China, Vietnam and Indonesia. The plantation and palm oil mills segment is engaged in oil palm cultivation and milling. The other segment includes the business of manufacturing and distribution of fertiliser products and ship-catering services. In December 2009, the Company announced the incorporation of Adani Wilmar Pte. Ltd., a 50:50 joint venture between the Company and Adani Global Pte Ltd.