Wilmar acquires bioethanol maker Sucrogen for $1.84bn

22 December 2010 03:37  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore-listed crude palm oil (CPO) producer Wilmar International on Wednesday said that it has completed its A$1.84bn ($1.84bn) acquisition of Australian sugars and bioethanol maker Sucrogen.

The total amount consisted of A$1.35bn in equity payment and A$496m worth of Sucrogen debts that Wilmar would absorb, Wilmar said in a statement to the Singapore Exchange.

The acquisition of Sucrogen was made through Wilmar's wholly-owned subsidiary in Australia, it said.

($1 = A$1.00)

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By: Nurluqman Suratman

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