Solid Energy creditors may get 55 cts in $1 after Bathurst, Talley's, Palmer buy assets

Sun, 30 Oct 2016

By Paul McBeth Oct. 31 (BusinessDesk) - Solid Energy New Zealand's creditors will get as much as 55 cents in the dollar after the failed state-owned enterprise's mines were sold to three parties, including a tie-up between ASX-listed Bathurst Resources and the Talleys Group. Administrator's Brendon Gibson and Grant Graham of KordaMentha today said they expect returns from the asset sales to be between 45-cents-and-55-cents in the dollar, above the top end of the 35-to-40-cents range initially estimated for a managed sale, they said in a...

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