THE collapse of Allco Finance Group into receivership is in danger of creating a domino effect among its listed real estate and investment offshoots, after a flurry of statements yesterday warned of likely defaults on their debt repayment deals.
Allco’s demise has already taken with it the group’s subsidiary which owns the management company that runs its Rubicon property trusts – Rubicon America, Rubicon Europe and Rubicon Japan.
» Allco’s collapse may bring down house of cards – The Sydney Morning Herald, 8th November 2008.