Yes it looks like BNB will buy into Tricom
Tricom is tipped to go ahead with the sale of its stockbroking and stock-lending business to a consortium of private investors, including Babcock & Brown, The Australian reports.
According to the paper, the $1 billion collapse of broking firm Opes Prime delayed the deal. Opes Prime owes Tricom $70 million.
The sale will possibly be announced next week, The Australian reports.
Tricom hit trouble on January 29 when it failed to trades related to margin loans on time.
Melbourne-based peer Bell Financial Group withdrew from takeover talks on March 18.
At its peak in July, Tricom's book stood at $2.4 billion, the paper reports.
From the "Business Spectator"
BNB
babcock & brown limited
Yes it looks like BNB will buy into TricomTricom is tipped to go...
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