CBL warns of huge losses, seeks new capital
Announcement follows review of construction warranty business in France.
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Hawke’s Bay
NZX-listed insurer CBL has disclosed expected losses of $75-$85 million for the year to December and says it will need to raise capital to bolster its balance sheet.
The announcement follows a trading halt placed on CBL stock on Friday.
CBL said the losses related to its construction warranty
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Tim Hunter
Mon, 05 Feb 2018
Mon, 05 Feb 2018
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CBL warns of huge losses, seeks new capital
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