Veritas is Latin for ‘truth’, and the truth about Veritas Investments and its underperforming Nosh stores may finally come out later today. Veritas’ lender ANZ Bank, in fact, has given the food and beverage investor a second extension to either sell or start winding up its Nosh business—and the D-Day is today, 2 February, 4 pm.
A first extension (from 15 to 31 January) was already allowed last month, but this time may be the right time.
As Veritas said in a stock exchange statement, ANZ had agreed to the extension “to allow the conclusion of negotiations with the preferred bidder for Nosh.”
Clearly, no further details have been disclosed, but the investor looks to have found a buyer for some or all of its six Nosh stores. It would be a turning point considering the sale has been attracting little interest for months.