AUSTRALIA: Sucrogen sale delayed by foreign investment review
The sale of CSR's Sucrogen to Wilmar International has been delayed by the FIRB
Australia's foreign investment watchdog has extended its assessment of the proposed sale of CSR's sugar and renewable energy business Sucrogen to Singapore-based Wilmar International.
The Foreign Investment Review Board (FIRB) has lengthened its review period for up to 90 days from today.
The company said in a statement today (11 August) that the move was "expected given the timing of the Federal election".
Wilmar announced last month that it had agreed to buy Sucrogen from CSR for A$1.75bn (US$1.47bn).
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