Fijian Holdings Limited has deferred its acquisition process of BP South West Pacific for another month.
Fiji live reports that the much-anticipated deal was set to be sealed today, but is now expected to be settled by the end of April.
Attempts to obtain a comment from FHL managing director Sereana Qoro were unsuccessful.
However, Qoro reportedly denied financial problems being the reason for the deferment.
She said the deferment would allow Fijian Holdings to finalise its arrangements with overseas financiers, and for BP SWP to resolve existing tax issues with the Fiji Islands Revenue and Customs Authority.
The authority had issued a garnishee order to FHL for outstanding taxes owed by BP SWP.
BP SWP general manager Matt Elliott said the company was now working closely with the tax commissioner to resolve these issues in order to wrap up the deal with FHL.
