Administrators kick off sale process for Sun Cable
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Loading... - Lily Williams
- 06 Feb 2023
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Administrators FTI Consulting have this week opened up the bidding process for Sun Cable, the company spearheading an ambitious $30 billion international solar transmission project.
Having fallen into administration last month, Sun Cable appointed FTI to head up the voluntary administration process with an aim to either recapitalise the company or sell it to new owners in order to progress the next stage of its Australia-Asia PowerLink (AAPowerLink) project.
FTI Consulting have appointed MA Moelis Australia and Moelis & Company (together, ‘Moelis’) as sale advisor, which is now looking for offers for sale or recapitalisation of the company. Read More..
