this would make a huge difference if this went ahead. It would be a massive infusion of cash into the head office kitty.
Does anyone know what the split is between BNB and BBW over the ownership of these assets?
The gross proceeds of A$2.4B would be greatly received and allow BNB to proceed with a massive tidy up of its balance sheet and wipe off quite a big chunk of the corporate debt. Also i imagine this could deliver for them quite a big accounting gain for the them to use to write down other assets where necessary.
This is one of the core issues for BNB. All the infernal piffle on this site about whether the Dow is up or down or sideways and how this will save or not save BNB is a complete load of rubbish.
BNB Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
