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.

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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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