Bidders circle Gunns

16 November 2012

The receivers for Gunns Ltd expect several binding bids for the collapsed Australian company’s two mills.

Several parties have expressed interest in the Bell Bay softwood mill and a mill in Tarpeena in South Australia, according to KordaMentha spokesperson Mike Smith.

Interested parties are thought to include Kingsland Timber, AKD Softwood, Westpine, and Samling Global Ltd.

Binding bids are expected by November 26.