GXY forces A40 into administration, page-11

Galaxy bought the debt on Tuesday from a group of lenders led by fund manager Tribeca Investment Partners. The purchase makes Galaxy a secured lender to Alita as well as its largest equity holder, Galaxy's CEO Simon Hay said in a statement.
It is understood KordaMentha principal Richard Tucker has been tapped to handle the voluntary administration.
The question is whether Galaxy Resources takes control of the situation by appointing a receiver - similar to what Cleanaway Waste Management has done at SKM Recycling in the past fortnight.
GO GALAXY!!!!