At least three proposals have been filed to take over beleaguered Tasmanian meat processor Blue Ribbon since the group was placed in voluntary administration last month.
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The vying proposals will be tabled at a creditors’ meeting to be held tonight [11 September] in Launceston. They are believed to have been submitted by Melbourne’s BRG Capital Facilitation, Chinese company Guangdong Jinli and NSW meat processor Bindaree Beef.
Blue Ribbon has debts amounting to A$13.3m (US$6.8m), although buyers have been encouraged by how good business currently is, CEO Ray Joy said last month.
