They did make reference to rehabilitation liabilities in the sale agreement but I don't think it was a major factor in the decision to sell it. Chatree in Thailand is a profitable operation if it were allowed by the local authorities. They only had net debt ~A$50M at end of September quarter (with A$60M cash).
Challenger had become the 'non-core' asset in their portfolio and was only marginally profitable. It was only becoming a distraction and the market doesn't like distractions. The only problem is the core asset at Chatree had much bigger issues!
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