Salt Lake Potash’s sale advisor Macquarie Capital is understood to be working to a mid-May deadline for the first round of bids for the listed company that has been in receivership since October.
Salt Lake Potash’s sale advisor Macquarie Capital is understood to have chalked in mid-May for the first round of bids for the listed company that has been inMacquarie’s spent the past week dotting the i’s and crossing the t’s on the sale documents and is understood to have mailed them out on Monday.
The company’s got $170 million odd in debt owed to investors including Taurus Funds Management, the Clean Energy Finance Corporation and Commonwealth Bank of Australia. The lenders called in the receivers on October 20.
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