Interserve enters new round of rescue talks

By Will Ing2018-12-08T12:14:00

Creditors could take control of the contractor

Interserve has entered rescue talks which could see creditors take control of the company.

According to the Financial Times, a proposed deal would see holders of Interserve’s £650m debt take a heavy loss on their existing exposure to the contractor as part of a debt-for-equity swap.

The value of existing shares would be almost wiped out.

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