AEJ 0.00% $8.00 redbank energy limited

alinta owe $450 milions to shareholders

  1. 3,740 Posts.
    "The Trusts major asset is a loan receivable from its co-stapled relative Babcock & Brown Power Limited (BBPL
    or the Company) of $450,000,000. BBPT is therefore reliant on the continued solvency of BBPL to enable the
    full loan receivable balance to be realised. The Directors have performed an assessment of the amount that BBPT
    would recover from BBPL in the unlikely event of BBPL being required to realise its assets in a liquidation scenario.The range of likely outcomes will be more than sufficient to realise any outstanding obligations of BBPT both at 30 June 2009 and as forecast in the foreseeable future."

    Please read the last sentence. Roughly equal to low 60c per share of debt to us.
 
watchlist Created with Sketch. Add AEJ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.