PPB Advisory has been appointed as receivers and managers to various entities associated with the Thakral Family, which control a 38.6% interest in Thakral Holdings Group.
PPB Advisory’s Brett Lord said the receivers will independently assess the Brookfield Asset Management takeover offer and any other proposal which may emerge in respect of THG and the secured stake.
Lord’s statement is contrary to Brookfield’s announcement last month that it had acquired the shares in from the receivers and manager last month.
“The receivers welcome the opportunity to engage on a confidential basis with THG’s committee of independent directors formed to consider the offer as well as other interested parties in relation to the secured stake,” Lord said.
Property Review
