NZX valued Clear at $10-15m in late 2011, after starting Ralec action
NZX had been trying to sell the Australian Clear Grain Exchange to Australia-based Graincorp in late 2011, nearly half a year after it began legal action against Ralec. With special feature audio.
Jenny Ruth Fri, 20 May 2016
NZX valued the Australian Clear Grain Exchange at between $10-15 million in December 2011.
NZX bought Clear in 2009 for a down payment of $7 million plus potential earnouts, which is the bone of contention in the long-running NZX versus Ralec, the vendor of Clear, case in the Wellington High
