Australian regulator expands review of Wilmar's Sucrogen bid

Review for S$2.15bln Sucrogen sale has been extended until after Australian national elections.

CSR said on Wednesday Australia's foreign ownership regulator has extended its review of Wilmar International's bid for CSR's Sucrogen business.

The extension is until after the Australian national election on August 21.

"As expected, given the timing of the federal election, the Foreign Investment Review Board has issued an interim order in relation to Wilmar's proposed acquisition of CSR's sugar business, Sucrogen," CSR said in a statement.

It said the review has been extended for up to 90 days from August 11.

View the full story in The Australian.

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