BPC burns, philp & company limited

Hi B2,Haven't really looked into it much. Heard 300million as a...

  1. peterd
    1,459 Posts.
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    11/06/04
    12:05
    Post #: 487942
    Hi B2,

    Haven't really looked into it much. Heard 300million as a figure (don't quote me on that). Under BPCs financing arrangements, 25% of net proceeds from sale to be used for reducing debt.

    As they have over 2billion in debt, I don't think this sale will make much of a dent. Maybe weakening $A is assisting them.

    Regards



    BPC Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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