CBL watershed meeting deadline extended, Goldman Sachs hired as adviser

Fri, 23 Mar 2018

By Sophie Boot March 23 (BusinessDesk) - The CBL Corp saga will continue, with the company's voluntary administrators postponing the creditors' watershed meeting to gather more information and hiring Goldman Sachs as an adviser. Auckland-based CBL appointed KordaMentha voluntary administrators on March 2 after the Reserve Bank sought an interim liquidation of its New Zealand supervised arm and the Central Bank of Ireland made a similar move against the insurer's European division. CBL had its stock suspended from the NZX on Feb. 8 ami...

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