CSR responds to queries regarding Viridian glass business

Company News

by Anna Napoli

CSR (ASX:CSR) has responded to queries regarding its Viridian glass business including potential sale options.

The industrial company has confirmed it has received interest from external parties considering acquiring the Viridian assets as a platform for growth.

CSR says while there has been no discussion to sell at this stage, it intends to assess the potential interest over the next few months.

Referring to its full year results CSR says Viridian’s performance in Australia and New Zealand is improving and the business remains on track to increase earnings this year.

Shares in CSR (ASX:CSR) are trading 1.58 per cent higher to $4.17

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.