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Everything must go: Greensill assets up for grabs

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Collapsed financier Greensill Capital Australia has received offers from potential buyers of fintechs Earnd and Omni Technologies but creditors face a bleak outlook because they are among only a handful of “hard assets” able to be sold by administrators.

Grant Thornton, Greensill’s administrators, also have furniture from the firm’s Australian offices which they will try to sell but even that avenue is looking dire because of the big structural shift to working from home during the COVID-19 pandemic, which means demand for office equipment is low.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/everything-must-go-greensill-assets-up-for-grabs-20210323-p57d7x