30/08/2019 Credit Corporation PNG Limited partners with PWC to deliver enhanced value to shareholders

The Credit Corporation Board has today advised that it has appointed an independent consultant to assist the Board in its consideration of strategic options to deliver enhanced value to shareholders.

As part of the Group’s new strategic direction, the Board has appointed PwC Securities Ltd in Australia to assist with a review of potential strategic options for the Group. As part of the independent consultant’s review, consideration will also be given to the impact of an in specie distribution of BSP shares on the solvency of the Group as well as tax and shareholder value impacts.

Credit Corporation Chairman Syd Yates said: “The Board wishes to fully understand all strategic options available to it in relation to its future direction and its commitment to deliver enhanced value to shareholders.”