News: CSR CSR To Sell Viridian Glass Business To Crescent Capital Partners

Nov 28 (Reuters) - CSR Ltd (CSR) :

• FOLLOWING COMPLETION OF SALE EXPECTS TO REALISE A PRE-TAX LOSS OF APPROXIMATELY $20-$30 MILLION IN YEAR ENDING 31 MARCH 2019
• TO SELL ITS VIRIDIAN GLASS BUSINESS TO CRESCENT CAPITAL PARTNERS FOR APPROXIMATELY $155 MILLION
• HAS ENTERED INTO A LONG-TERM LEASE ON COMMERCIAL TERMS WITH VIRIDIAN IN RELATION TO INGLEBURN PROPERTY
• WILL BEGIN A SALE PROCESS FOR INGLEBURN PROPERTY; SALE EXPECTED TO RESULT IN CASH PROCEEDS IN EXCESS OF $215 MILLION