demerger

CSR Limited (CSR), a company that concentrates on the production of sugar and aluminum and manufacture of constructions and building materials have taken a major blow to its $3 billon worth of plan to demerge its operations after the court blocked the proposal on Wednesday. CSR authority previously planned to demerge its renewable energy and sugar business into spin-off named Sucrogen and another CSR company was suppose to maintain the aluminium, building products and property business.