Greensill Capital’s Australian parent collapsed owing more than $1 billion to some three dozen entities, including property group GPT, insurance broker Marsh and the firm JB & Partners.
New creditor lists provided to regulators by Bundaberg-based Greensill Capital Pty Ltd show many local companies will take a financial hit from the supply chain finance group’s insolvency, not just its biggest creditors Credit Suisse and Japan’s Softbank, which has already submitted more than $1 billion in claims of its own to administrators Grant Thornton.
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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
