AUSTRALIA: Blue Ribbon future to be revealed today as bank deadline expires
The future of Tasmanian meat processor Blue Ribbon will be revealed today, as the deadline given by the Commonwealth Bank of Australia to provides a satisfactory agreement for the repayment or its debt expires. Ray Joy, CEO of the troubled firm, revealed yesterday that Blue Ribbon has been in talks to negotiate refinancing arrangements. At the same time the company’s shares were suspended.
The future of Tasmanian meat processor Blue Ribbon will be revealed today, as the deadline given by the Commonwealth Bank of Australia to provides a satisfactory agreement for the repayment or its debt expires.
Ray Joy, CEO of the troubled firm, revealed yesterday that Blue Ribbon has been in talks to negotiate refinancing arrangements. At the same time the company’s shares were suspended.
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