Macquarie Media has confirmed that 2CH has not been sold within the timeframe and enforcable undertakings it made to ACMA, and so Deloitte is now being appointed divesturture agents to get it sold.
MRN released a statement to the market over the weekend also confirming that ACMA had rejected two offers prior to the revised September 30 deadline. The onging 2CH must be sold to remedy the temporary breach of the two to a market control.
Macqurarie Media Chairman Russel Tate said:
“We remain confident of selling 2CH, consistent with our preior disclosed expectations and obligations under the enforcebale undertaking. Intrested parties should contact Mr Strawbridge of Deloitte direct to engage in the sale process”.
©thebrandradio 2016. All rights reserved.