Gunns assets 'to attract' seven bids

RECEIVERS are expecting seven bids to be made for failed timber company Gunns assets by Monday.

The assets, including the Bell Bay pulp mill permit and site, and 96,850 hectares of hardwood and softwood plantations, went on sale in November.

Monday is the deadline for final bids. 

KordaMentha spokesman Michael Smith expected all of the seven parties involved in the due diligence stage to make a final bid. 

Not all bids will include offers for the pulp mill.

It's expected to take up to another two or three months to finalise the sale process and determine if the pulp mill will be sold.  

Mr Smith said receivers would assess the offers and choose a preferred bidder to continue negotiations. 

The identity of the potential buyers will remain confidential with KordaMentha only saying there was interest from the Asia Pacific region, Europe and the Americas. 

Deputy Liberal leader Jeremy Rockliff said the new government would await the outcome of the process. 

``However, Tasmanians have given the pulp mill project the best possible chance to succeed by voting for a strong, majority Liberal government that will support the project,'' Mr Rockliff said. 

Tasmanian Chamber of Commerce and Industry chief executive Michael Bailey said businesses had not given up hope but were not reliant on a pulp mill being built.  

``If it does go ahead, undoubtedly it's a game changer but if it doesn't we just need to keep getting on with it,'' Mr Bailey said.

Last month, legislation to quash any legal challenges to the validity of the pulp mill permits was passed by the Parliament.


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