Harmos defends Weldon as Ralec presses former NZX chair over 'A$100M commitment'

Thu, 12 May 2016

By Sophie Boot May 12 (BusinessDesk) - NZX's former chairman Andrew Harmos has defended former chief Mark Weldon's communications over the Clear Grain Exchange purchase and denied the stock exchange operator had ever committed A$100 million to the business. Ralec and NZX are in the second week of a trial expected to last nine weeks over NZX's purchase of the Australian Clear Grain Exchange in 2009. NZX is suing for between A$20.7 million and A$37.6 million, and Ralec has countered with a suit totalling A$14 million plus bonuses. NZX claim...

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