All Entries Tagged With: "CSR Sugar"
Wilmer to Buy CSR’s Sugar Business
Just six weeks ago Wilmar International entered the race to purchase CSR’s sugar and renewable energy business, Sucrogen. Wilmer beats out China’s Bright Food Group.
Bright Food Hikes bid for CSR Sugar
China’s Bright Food Group raised its offer for the sugar arm of CSR by 17 percent to A$1.75 billion ($1.6 billion), drawing the Australian conglomerate into talks and providing an alternative to CSR’s plan to spin the unit off.
Bright Food’s CSR Acquisition On Track
The $1.4 billion acquisition of Australia’s largest sugar refinery CRS Ltd. by China’s Bright Food is still on track, the Shanghai-based food maker has said.
Australia’s CSR Sugar Rejects China Bid
CSR Ltd., Australia’s biggest raw sugar miller, will proceed with a spinoff of the business from its building material and aluminum units after rejecting a A$1.5 billion ($1.4 billion) offer from China’s Bright Food Group Co.
Cargill/Cosan, Bunge Seek to Buy CSR Sugar
Cosan, Bunge Ltd. and Cargill Inc. may seek to buy Australia-based CSR Ltd.’s sugar unit after China’s Bright Food Group Co.’s A$1.5 billion ($1.4 billion) offer underlined global demand for sugar assets, RBS Equities (Australia) Ltd. said.
China Targets Australia’s Assets
A $1.5 billion bid for Australia’s main sugar refiner, CSR, by one of the world’s biggest food companies is a precursor to the next wave of Chinese investment in Australian assets, reports the Brisbane Times.
China has a Sweet Tooth
Shanghai-based Bright Food Group has approached CSR Ltd – Australia’s largest sugar producer – with the aim of acquiring its sugar and renewable energy business for 1.5 billion Australian dollars ($1.4 billion).
Brits Eye CSR’s Sugar Spin-Off
Associated British Foods has amassed a sizeable war chest to make a potential bid for soon-to-be-demerged sugar business by Australia’s CSR after selling its Polish sugar operation for an estimated £250 million ($497 million), according to media reports today.
Buyers Want All of Australia’s CSR Sugar
The Sydney Morning Herald (Australia) reports that 4 overseas trading houses have firmed to buy CSR’s billion-dollar sugar business in a trade sale and circumvent the demerger process.