Commerce minister to respond to Du Val shareholders

Commerce Minister Andrew Bayly and FMA chief executive Samantha Barrass. (Image: BusinessDesk)

Wed, 04 Sep 2024

Minister of Commerce and Consumer Affairs Andrew Bayly says he will respond formally to a request from a group of Du Val shareholders to remove the property development group from statutory management.The government placed 70 Du Val entities into statutory management on Aug 21.It followed the High Court appointing interim receivers to the group three weeks earlier at the Financial Markets Authority's (FMA) request.Bayly confirmed he had received a letter from the shareholders' group on Tuesday afternoon and would respond in ac...

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