Covid-19 stalls Group Five’s business rescue

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Construction workers cannot return to work under level 4 restrictions

The Covid-19 pandemic has placed the business rescue of construction group, Group Five, largely on hold.

Construction groups have been unable to work in terms of the state’s lockdown regulations. The Master Builders Association has called for the construction industry and its affiliate industries to be able to return to work while following strict health protocols.“The business disruption arising from Covid-19 and the lockdown has been material on the Everite business, the sale process itself, and on bidders participating in the sale process.

 

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