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.
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