ACCC to assess sale of business to CSR

Flat Glass Industries Ltd. says the Australian Competition and Consumer Commission, the competition watchdog, will make inquiries into the proposed sale of the company to building products maker CSR L…

Flat Glass Industries Ltd. says the Australian Competition and Consumer Commission, the competition watchdog, will make inquiries into the proposed sale of the company to building products maker CSR Ltd. Flat Glass Industries earlier this month agreed to sell its Newcastle business, Burnbridge Glass, to CSR, subject to approval by the ACCC. FGI says the ACCC has advised CSR it will conduct market inquiries in relation to the sale of the business, which are due to be completed by 30 June 2011.