failure
Tasmanian wood pulp company, Gunns Limited (ASX:GNS) has been put under voluntary administration.
- Gunns directors have appointed Ian Carson, Daniel Bryant and Craig Crosbie of PPB as administrators for company.
- The action was instigated by a syndicate of banks led by the ANZ, refusing to continue funding the company and are owed $560 million.
- ANZ and the syndicate have appointed receivers: Mark Korda and Bryan Webster of KordaMentha
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
