China's Bright Food Group (hereinafter referred to as "light") are never stingy to pay for access to quality resources. Following the proposed $ 1.5 billion acquisition of Australia's largest sugar companies, CSR Sugar and renewable energy businesses were refused in January this year, big bright bids.
According to CSR, said yesterday that has received a large bright issued a conditional acquisition of its sugar and renewable energy business Sucrogen proposal, the transaction amount of 1.75 billion Australian dollars (about 10.96 billion yuan).
CSR in the bulletin said, adding that this proposal is attached some conditions, including due diligence and regulatory approval, plans with large bright on the above proposal to discuss, but the transaction's ability to achieve uncertain.
Yesterday, the big bright Ge Junjie, vice president of First Financial Daily "confirmed the news, he pointed out, the price is based on optimistic quality assets. For other details, he is inconvenient to refuse to disclose.
Shanghai Yan Tang incorporated into the large bright, Sugar is as one of the five core industries of the large bright. The large bright integration action of the sugar has been increasing. To invest 800 million yuan holding the biggest sugar enterprises in Yunnan Province - Ying-mao sugar, large bright in Sugar surging since last August, and has made it clear that the future will integrate its sugar assets to achieve the listing.
However, the large bright overseas buy sugar program but was not successful. On January 27 this year, the CSR refused to promote the Sugar industry split plan a big bright its sugar industry and the renewable energy business offer. In early February, the Federal Court of Australia rejected the proposal of the CSR on the spin-off of the sugar sector.
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