Other parts of article referred to above:To date, ongoing...

Other parts of article referred to above:

To date, ongoing earnings downgrades have put the frighteners on bidders, so it will be interesting to see whether the Euroz-run auction can find the right buyer.

Interested parties have been told there are a number of private equity and trade buyers sniffing around, with a data room already set up and containing limited material for potential buyers.

United States distressed-debt investor Anchorage Capital Group is one party believed to have been interested, after an introduction from ANZ’s insolvency firm adviser KordaMentha.

It is understood Forge was presented with multiple conditional proposals before Christmas, but rebuffed the offers on valuation grounds.