Bronfmans under fire: the banks have to report on loans to Edper

Article Abstract:

Edper Enterprises owner Bronfman claims that the sales of MacMillan Bloedel Ltd and John Labatt Ltd were voluntary rather than in response to pressure imposed by bankers. Superintendent of Financial Institutions Peter Mackenzie had asked Edper's bankers for information about Edper's loans and other debts.

Paperboard mills, Softwood veneer and plywood, Conglomerate corporations, Mergers, acquisitions and divestments, Bronfman, Peter F., Edper Enterprises Ltd., John Labatt Ltd., MacMillan Bloedel Ltd.

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A final gamble: O&Y bets on a real estate recovery

Article Abstract:

Olympia and York is forming a restructuring proposal for its creditors that includes family-owned assets. O&Y believes the commercial real estate market will recover in the next five years and it will be able to maintain its assets until the debt restructuring is completed.

Real estate developers, Cases, Bankruptcy, Olympia and York Developments Ltd.

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