ANZ Bank could emerge as the largest shareholder in Forge Group following a deal which has allowed the troubled engineer to continue trading. Under the deal, the bank is to provide an immediate $60 million working capital facility, up from $11 million, while deferring quarterly principal repayments of an existing acquisition facility for the next three quarters. Additionally, ANZ is to receive warrants equal to 13 per cent of Forge's capital. ""Liquidity is stable now ... this is a debt fix,"" Forge's managing director, David Simpson said of the deal with the bank. The collapse in the company's share price means it is unable to raise funds from equity markets any time soon. Shares in the company slumped as much as 90 per cent after the company booked $127 million in losses on two power station contracts, which will result in a gross loss of as much as $90 million this financial year. In afternoon trading, Forge shares were at 72.5 cents, down $3.45.5 but well clear of the low of 28.5 cents touched earlier.