Metro Performance Glass' deal with Cowes Bay falls over

Metro Performance Glass signalled "material uncertainties" in May. (Image: NZME)

Mon, 16 Dec 2024

A conditional deal between Cowes Bay Group and Metro Performance Glass is off the table, and discussions have ended.Metroglass and its banks could not reach an agreement on key final terms of documentation with Cowes Bay, Metroglass said in a statement. Last May, the company said it planned to address the “material uncertainties” that "may cast significant doubt on the group’s ability to continue as a going concern".In September, the company said it had reached a conditional deal with Cowes Bay Group, in wh...

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