It was talked about in the investor call, there is an expectation that there will be a binding agreement for the sale prior to the end of the financial year (when banking covent changes), and that will be enough for the banking syndicate.
They did mention the possibility that if its sold to a NZ company the process might get delayed if it needs to get approval (for competition reasons)
That is one of the issues that could lead to a lower price due to the timing. If there is a high offer by a NZ company which needs approval, and a lower offer that doesnt need approval they will have to make a tough call.
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