Altada loan lenders told company could be ‘comfortably’ sold for $160m

📆 06/04/2023 04.08.00
📰 businessposthq

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Lenders of a bridging loan to Altada were told a sale of the company was imminent and could “comfortably achieve” $160 million, according to a new affidavit filed in the High Court

Alan Bruce, one of four people who advanced the €500,000 emergency loan to the troubled technology company last September, said he was told of the sale prior to deciding to provide the financing.

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