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EL&C Baillieu loses IPO client

Aaron Patrick

Melbourne stockbroker EL&C Baillieu has lost one of its most promising corporate clients, an infant-formula manufacturer, and another hangs in the balance in the wake of an elaborate corporate sting.

Nature One Dairy said on Monday that it no longer has a relationship with EL&C Baillieu, which last year helped the company raise money in anticipation of a float on the share market this year.

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Aaron Patrick was a senior correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/companies/financial-services/el-and-c-baillieu-loses-ipo-client-20200217-p541jg