Shareholders wary of CBL after shock loss
Credit rating downgraded pending capital raise.
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Hawke’s Bay
NZX-listed insurer CBL faces a challenge getting shareholders onside for a crucial capital raising after warning of a shock $75-85 million loss for the year to December.
It is understood investment bank FNZC has been retained to advise the company on its capital raising options.
CBL shares
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Tim Hunter
Wed, 07 Feb 2018
Wed, 07 Feb 2018
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Shareholders wary of CBL after shock loss
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