View in Other Languages CSR (ASX:CSR)의 사업 분리, 법원 승인 확보 CSR (ASX:CSR)现在可以推行分拆计划了 CSR (ASX:CSR)、事業分割計画実行可能に CSR (ASX:CSR)現在可以推行分拆計劃了 CSR (ASX:CSR) Now Can Move on Demerger Plan 
CSR (ASX:CSR) Now Can Moves on Demerger Plan
CSR (ASX:CSR) Now Can Moves on Demerger Plan

Sydney, April 23, 2010 AEST (ABN Newswire) - Australian building materials and sugar producer, CSR Limited, now can move on its plan to separate its sugar and renewable energy business, after the Federal Court accepted an appeal from CSR in relation to lower court's ruling to block the company's demerger proposal in February.

The earlier court decision had called into question a demerged CSR's capacity to pay future asbestos claims. Friday CSR shares were strongly up on the latest Federal Court decision.

CSR says it believes that a separation of its two very different operating businesses has the potential to create additional value for shareholders. The demerged sugar and renewable energy business will be renamed as Sucrogen and be listed on the Australian Securities Exchange. The company's building material operations would remain under the CSR name.

CSR also denied the speculation that Japan's Mitsubishi (googlechartTYO:8058) and Mitsui (googlechartTYO:8031) did not approach to buy its sugar business, but reiterated it it's continuing its talks with China's Bright Food about the A$1.75 billion bid to takeover Sucrogen.

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 11) (Last 30 Days: 59) (Since Published: 10636) 

View in Other Languages 1444213199130041136810636 (62649)

googlechart