Bath sues over failed Perpetual Guardian sale
Friday, September 8th 2017, 1:08PM
Andrew Barnes's Bath Street Capital, which owns Perpetual Guardian, is taking legal action over the failed sale of the business to an Australian firm earlier this year.
Originally, the plan was to list Completus (which owns Perpetual Guardian), however Barnes negotiated a trade sale with Australian firm Sargon Capital earlier this year.
That sale fell over, for reasons which remain unclear. However, it appears Sargon were unable to settle the transaction.
At the time Complectus said Sargon "did not meet its obligations under the sale and purchase agreement."
| « Public Trust axes term deposits | nib launches AI solution » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
