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10,807 Posts.
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22/03/11
11:39
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218 was initially wholly owned by ADE, then BPT farmed into 90% for $25mil.
So 218 BPT 90% and ADE 10%
855 Only awarded last year to ICN 80%, DEKA 10%,WELL TRACED 10%
DEKA and WELL TRACED are wholly owne subs of ADE
So 855 80% ICN 20% ADE
Now BPT are attempting to take 40% of 855 via a farm into ICN's 80%
And
ADE have farmed out 12.5% of 855
So end result of 855 could be
BPT 40%
ICN 40%
ADE 7.5%
Primary 12.5%
Current state of play, BPT and ICN having spat over details of farmin AND who who the hell is Primary?
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