CSR Limited (ASX:CSR) said Tuesday it has entered into an agreement to sell its Asian Business to Danish stone wool producer Rockwool Group for A$128 million.
Wilmar International Limited
The Australian share market gave up its early gains to finish 0.3 per cent lower on Monday while Asian markets were weaker. The benchmark S&P/ASX200 index was down 16.6 points, or 0.39 per cent, at 4,222.1, while the broader All Ordinaries index shed 14.3 points, or 0.34 per cent, to 4,250.6.
CSR Limited (ASX:CSR) said it has agreed to sell its sugar and renewable energy business, Sucrogen, to Singapore listed agribusiness Wilmar International Limited (SIN:F34) for A$1.75 billion.
Asian markets mostly gained on Friday. Japan's Nikkei was 0.2 per cent higher on upbeat industrial output data. Hong Kong's Hang Seng Index rose 1.0 per cent, while South Korea's Kospi added 0.5 per cent. China's Shanghai Composite Friday fell 0.3 per cent. Today metal and resource shares in the regional markets may face pressure after the massive earthquake that hit Chile.