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Oswals accuse Anz , Yara of colluding on sale of burrup

 

The Oswals left Australia after receivers were appointed in December and their Australian assets – including a private jet  , a million dollar mansion and their billion dollar company Burrup fertilizerswere frozen  and became part of a receivership in February.

Burrup fertilizers sale sham

Bids for Burrup fertilizers who has had Receivers appointed are understood to be due by May 30. Mr Oswal said  this was proof the bank wanted to force a sale below market price and indicated that ANZ and YARA ( the part owner of Burrup) had colluded to  get  s discount price for the billion dollar company under receivership.

“Given this ridiculously short period that international and local buyers have been given to consider a multi-billion dollar asset, conduct their due diligence, and submit a bid, it seems clear that the process is designed to eliminate genuine competitive buyers and facilitate the purchase by Yara at below market value,” he said in the statement.

Recievership bids for Burrup fertilizers

Mr OSWAL SAID “I reiterate my previous comments that I believe ANZ, PPB Advisory, and Yara (International, a company with a 35 per cent holding in Burrup) have colluded to force me to sell at a rock bottom price.

The sales process is being conducted exclusively by Flagstaff, a small Melbourne advisory firm,  Flagstaff is chaired by Charles Goode, an ex-chairman of the ANZ Bank. The oswals  said that  it is further evidence that the sales process is a sham designed to facilitate a hasty sale to Yara.

 
Oswals accuse  Anz , Yara of colluding on sale of burrup  

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I am not myself in any degree ashamed of having changed my opinions. Be the change that you wish to see in the world and contribute your 2 cents to us , just like i did .I write articles as my hobby and interest ..how about you :)

 
 

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