CSR says Bright Food merely expressed interest
January 12, 2010
CSR Limited (CSR) said, in response to a media statement from Bright Food Group Co. Ltd, that the Chinese company had merely made an expression of interest and does not make any proposal capable of acceptance by CSR. The company said Bright Food had previously expressed an interest in CSR’s Sugar business however, its expression of interest similarly lacked certainty as to value, timing and likelihood of completion.
CSR said, as had been previously advised to the market, the company continues to progress the proposed demerger of its Sugar and Renewable Energy business and will consider a range of options as part of this proposal.
As at 1112 AEDT, CSR shares were up 12.5c to $2.09.
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