News

OPI's receivers struggling to collect on parent's guarantee

Tuesday 15th of May 2012

In their latest statutory report, Colin McCloy and Maurice Noone of PricewaterhouseCoopers say they have claimed A$418 million (NZ$536.2 million) from Octaviar, OPI's Australian parent company, and an Octavier subsidiary, both of which are in liquidation themselves.

The subsidiary had been responsible for managing the loans of OPI and sister company OPI Pacific Investment to which OPI ha...

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