More than $600m seen wiped off CBL equity
Independent analysis estimates huge loss for insurer's shareholders.
One of CBL’s [NZX:CBL] biggest institutional shareholders has reassessed its value at just 28c a share after a series of regulatory interventions cast doubt on its solvency and left its shares in suspension.
Harbour Asset Management, whose funds own 7% of CBL, has been assessing CBL’s value
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Tue, 06 Mar 2018
Tue, 06 Mar 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
More than $600m seen wiped off CBL equity
73775