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Home Breaking News Grocon collapse: Subsidiaries in administration double to preserve cash for court fight

Grocon collapse: Subsidiaries in administration double to preserve cash for court fight


Things have gone from bad to worse for collapsed construction group Grocon, with it placing dozens of its subsidiaries into administration.

Collapsed construction giant Grocon has placed dozens more of its subsidiaries into administration, saying it needed to take the dramatic step to preserve cash for its bitter court battle with the NSW government.

In late November, 39 Grocon companies were placed in the hands of KordaMentha and a further three were added the following month.

An additional…



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