On 10 July 2017 Aurora Funds Management Limited (Aurora) as responsible entity for AFARF and AIB made an announcement in relation to the Orders made by the Australian Government Takeovers Panel (Takeovers Panel). Reasons for the orders were subsequently provided by the Takeovers Panel on 22 August 2017 (Reasons). Aurora has carefully considered the Reasons for the orders, and on 8 September 2017 Aurora applied to the Federal Court for a judicial review of the Takeovers Panel decision.
Aurora has consistently denied that it has acted in concert with Keybridge Capital Limited, or anyone else, in relation to the affairs of Molopo.
ABW is solely invested in AFARF so is also impacted by this application.