Bright Food Bids A$1.75 Billion for CSRs Sugar Unit (Update3)

Bright Food Group Co., Shanghais biggest food company, raised its offer for CSR Ltd.s sugar unit to A$1.75 billion ($1.6 billion) after the Australian groups plan to spin off the division was blocked.

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Bright Food Bids A$1.75 Billion for CSRs Sugar Unit (Update3)

Bright Food Bids A$1.75 Billion for CSRs Sugar Unit (Update2)

April 1 (Bloomberg) — Bright Food Group Co., Shanghais biggest food company, raised its offer for CSR Ltd. s sugar unit to A$1.75 billion ($1.6 billion) after the Australian groups plan to spin off the division was blocked on asbestos concerns.

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Bright Food Bids A$1.75 Billion for CSRs Sugar Unit (Update2)

China’s Bright Food offers $1.6 B for CSR’s sugar (AP via Yahoo! Asia News)

Australian sugar, energy and building materials producer CSR Ltd. said on Thursday it had received a 1.75 billion Australian dollar ($1.6 billion) conditional offer from China’s Bright Food Group for its Sucrogen division, including its sugar and renewable energy business.

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China’s Bright Food offers $1.6 B for CSR’s sugar (AP via Yahoo! Asia News)

Bright Food Bids A$1.75 Billion for CSR Sugar Unit (Update1)

April 1 (Bloomberg) — Bright Food Group Co., Shanghais biggest food company, offered A$1.75 billion ($1.6 billion) for CSR Ltd. s sugar unit, raising its bid after the Australian groups plan to spin it off was blocked on asbestos concerns.

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Bright Food Bids A$1.75 Billion for CSR Sugar Unit (Update1)

Bright Food Bids A$1.75 Billion for CSR Sugar Unit (Update1) (Bloomberg)

April 1 (Bloomberg) — Bright Food Group Co., Shanghai’s biggest food company, offered A$1.75 billion ($1.6 billion) for CSR Ltd. ’s sugar unit, raising its bid after the Australian group’s plan to spin it off was blocked on asbestos concerns.

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Bright Food Bids A$1.75 Billion for CSR Sugar Unit (Update1) (Bloomberg)