SPC’s owner has warned the market it will write down the value of the company following a number of offers to buy the Shepparton-based business.
There will be no changes to SPC jobs, production or operations as a consequence of accounting previsions, and it is ‘‘business as usual’’ at all SPC sites, according to SPC managing director Reg Weine.
Coca-Cola Amatil on Monday announced plans to revise the books, writing down the value of SPC from $146.9 million to a nominal value of zero for the 2018 year.
SPC was offered for sale by Coca-Cola Amatil in November following a strategic review.
See this week's Country News for more.