Greensill parent group placed in liquidation

The Australian parent of failed specialist finance firm Greensill Capital, whose recent collapse sparked worldwide corporate fallout, job loss fears and a major UK political scandal, has entered liquidation, administrators said Thursday. Creditors including Credit Suisse and the Association of German Banks met online early Thursday and "resolved to place the company into liquidation", according to a statement from admininstrators Grant Thornton. Greensill Capital Pty Ltd, which is the parent company of the Global Greensill Group, had provided head office support and sourced funding for the disgraced finance giant's operations. "The administrators provided an overview of the key information from the voluntary administratorsâ?? report" to 41 creditors and their representatives, who then voted in favour of liquidation, Grant Thornton added.