Hi Fabias, I had a look at Wilmar's third quarters 2010 results briefing presentation. This is what it said:
Sucrogen Acquisition Approved by Australia Foreign Investment Review Board Awaiting approval from New Zealand Overseas Investment Office Signed documentation for Syndicated Term Loan Facility and Revolving Credit Facility with ANZ, HSBC and Rabo Bank (initial lenders) Initial lenders to be joined by a group of local and international banks shortly Term Loan Facility of US$1,300 million to finance acquisition of Sucrogen Revolving Credit Facility of A$600 million to meet general corporate and working capital requirements of Sucrogen
It seems that Wilmar's is getting ready all the credits to buy Sucrogen. A matter of waiting for OIO approval.
CSR Price at posting:
$5.04 Sentiment: Hold Disclosure: Held
