'Unacceptable' response from minister, say Du Val minority shareholders

Andrew Bayly will soon release more details on his Du Val statutory management decision (Image: NZME)

Wed, 11 Sep 2024

Details of what drove the decision to place Du Val entities in statutory management may be clearer soon, says Commerce and Consumer Affairs Minister Andrew Bayly.The minister is promising to proactively release the paper he took to Cabinet last month, in which interim receivers PwC and the Financial Markets Authority recommended the move. “I am conscious that the reasons for my decision and the recommendation from the FMA have not yet been made available to the public. This is due to the ongoing court proceedings and FMA investigatio...

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