Extension proves interest

Lara Giddings.
Lara Giddings.

PREMIER Lara Giddings has said the decision by Gunns receivers KordaMentha to extend the deadline for expressions of interest in the pulp mill assets confirms there were interested buyers.

"I was always confident that there would be solid interest in the project," Ms Giddings said.

"We stand ready to work with KordaMentha and any prospective buyer to see the project realised," she said.

KordaMentha extended the deadline, which was originally understood to be December 31, to allow interested buyers more time to gather information.

Greens leader Nick McKim said there would never be a pulp mill built at the site.

"The Tamar Valley pulp mill will never be built because it will never have community support," Mr McKim said yesterday.

"It has already forced Gunns Ltd into receivership, and no investor is going to invest in the pulp mill when they know they would be buying a world of trouble".

The expressions of interest will be analysed by the receivers before the end of the month, where potential buyers will be narrowed down and enter a second stage, or if one is outstanding negotiations could begin immediately.


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