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Grocon creditors urged to back Grollo rescue plan

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 was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/property/commercial/grocon-creditors-urged-to-back-grollo-rescue-plan-20210323-p57dfp