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Grocon creditors urged to back Grollo rescue plan

Larry Schlesinger
Larry SchlesingerReporter
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Grocon administrator KordaMentha has urged creditors of the 88 collapsed companies in the once mighty construction and development giant to back a rescue plan proposed by chief executive and family scion Daniel Grollo.

Mr Grollo’s deed of company arrangement proposal (DOCA) was revealed as part of KordaMentha’s offical administrators report lodged with ASIC on Tuesday evening.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
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    Original URL: https://www.afr.com/link/follow-20180101-p57dfp