CSR says it will consider returning proceeds from the $1.75 billion sale of its sugar and renewable energy business to its shareholders.
CSR announced the sale of Sucrogen to Asian agribusiness Wilmar International on Monday.
At the company's annual meeting in Sydney, managing director Jeremy Sutcliffe said that while he expected shareholders to support the sale, CSR was yet to determine what it would do with the expected $1.6bn net proceeds should the deal proceed.
"The board will now evaluate a range of capital management options to use these proceeds efficiently, including debt repayment and a return of funds to shareholders," Mr Sutcliffe told the meeting.
He said this would be done in conjunction with a review of the funding needed for the strategic opportunities available to the remaining building products, property and aluminium business units of the conglomerate.
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