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Greensill creditors compete for assets – The Australian Financial Review
The creditors’ meeting run by administrators Grant Thornton on Friday is expected to attract about 100 creditors of Greensill Capital’s Australian parent group.
GFGs Liberty Primary Metals Australia entity, which houses the Whyalla steelworks and the Tahmoor coal operations in NSW, was a user of Greensills supply-chain financing.
But it is unclear if that was sourced through the Australian arm of Greensill or was arranged through the UK Greensill operations, and whether GFG will be a creditor of both entities.
Accounts lodged with the Australian Securities and Investments Commission for 2019-20 show there was a $422 million receivables purchase facility…
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