News Formal

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

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines