Geo sale to Access Group nets just enough for Pioneer creditor
Formerly NZX-listed tech company was sold out of receivership for about $4m, owing $3.6m to its private equity backer.
Former Geo CEO Tim Molloy.
Geo Limited is being sold out of receivership to The Access Group for approximately $4 million, after its receiver disclosed half the price had been paid at settlement in February and two more tranches are due in six and 12 months’ time.
The up-front payment of $1,957,861 by the UK-based acquirer
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