INO Opinion

ANZ freezes PPB partnership facility

With the dissolving of the PPB Advisory (PPBA) partnership imminent, ANZ is rumoured to have frozen draw downs on the PPBA partnership’s loan facility, insisting it be repaid as the August 1 deadline for the completion of PwC’s acquisition of the firm approaches. Several sources who spoke to INO confirmed hearing reports that the bank was refusing requests for further borrowing. One source said ANZ was…

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