Interserve held talks with Coltrane to try and avert shareholder rebellion

By Will Ing2019-03-12T10:42:00

But sources close to largest shareholder say firm will definitely vote against the rescue deal on Friday

Interserve has held talks with the largest owner of its stock as it fights to stave-off a shareholder rebellion which could see it plummet into administration before the end of the week.

But sources close to Coltrane Asset Management insist nothing has changed. They said: “We note that the company is trying to secure our support.

“The fact that they are having to do so reflects their failure to secure the support of enough holders of the other 72% of the company’s shares – and therefore the weakness of their proposal.”

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