Energy construction contractor Clough in voluntary administration – Oil & Gas Journal

Mitsui E&P Australia and Beach Energy Ltd., joint venture partners of the Waitsia Stage 2 gas plant development program in Western Australia, will work with Deloitte to ensure the project progresses following placement of Clough, the projects engineering, procurement, and construction contractor, into voluntary administration. The move follows a decision by Cloughs owners, Murray &…

MNP acquires BC firms The Bowra Group and Kerr & Company – Consulting.ca

06 December 2022 Consulting.ca 2 min. read National accountancy MNP has acquired The Bowra Group, a Vancouver-based restructuring consultancy, and Kerr & Company, a Kelowna-based boutique accountancy. Financial terms of the transactions were not disclosed. MNP merged The Bowra Group into its insolvency subsidiary MNP Ltd., effective December 1, 2022. The deal adds three partners…

Money lender Moola goes into liquidation – Newshub

Controversial New Zealand money lender Moola has gone into liquidation. Receiver Rodewald Consulting has been appointed to NZ Fintech Group Holdings, Moola’s parent company. Multiple subsidiaries, including Moola, were subsequently placed into liquidation. Insolvency firm Khov Jones was appointed liquidator of the trading entities, Rodewald Consulting director Tom Rodewald told Newshub. Moola’s website is currently…

Clough placed under Voluntary Administration – energy-pedia

The recently announced sale purchase agreement between Murray & Roberts and Webuild for the acquisition of Perth-based engineering group Clough, has been terminated by mutual agreement between the parties. In the absence of the sale proceeding, the board of directors of Clough have decided to place Clough and its Australian subsidiaries into voluntary administration (VA)…

National Corporate Insolvency Firm, MNP Ltd. Expands Team Through Merger with The Bowra Group – Benzinga

CALGARY, AB, Dec. 5, 2022 /CNW/ – MNP Ltd., the insolvency subsidiary of national professional services firm MNP LLP, is pleased to announce that it has merged with The Bowra Group, effective December 1, 2022. The Bowra Group is a boutique financial advisory practice based in Vancouver with an additional office in Edmonton. Established in…

Major builder Clough into administration | The Times | Victor Harbor, SA – Victor Harbor Times

Perth-based Clough’s portfolio includes the Snowy 2.0 pumped hydro project. (Lukas Coch/AAP PHOTOS) Engineering and construction group Clough has entered voluntary administration, casting uncertainty over several major Australian projects. It comes after a proposed sale to Italian giant Webuild collapsed, leaving the Clough board with “no choice” but to call in administrators from Deloitte. Clough’s…

Reliance Capital stares at liquidation as bid prices disappoint – The New Indian Express

Express News Service NEW DELHI: As bids for Reliance Capital, which is undergoing corporate insolvency resolution process (CIRP), have been much lower than the liquidation value of Rs 13,000 crore, a major difference of opinion has cropped up between the lenders and the Reliance Cap administrator. While the committee of creditors (CoC) wants to proceed…

Clough Group enters voluntary administration as WeBuild $350 million takeover deal collapses – Daily Mail

One of Australia’s oldest building companies suddenly collapses with 1,250 jobs up in the air as a $350million deal falls over Merger of Perth-based Clough Group construction company falls through Italian company WeBuild were originally set to acquire Clough in a $350m deal On Monday WeBuild said following discussions they had pulled out of the…