Interserve says rescue talks will see banks take greater control of business

By Will Ing2018-12-10T07:49:00

Firm to finalise debt for equity swap plan early next year

Interserve has confirmed it is in rescue talks which would see the firm hand control of the business to its lenders.

The firm said the talks would probably leave shareholders nursing big losses.

Shareholders will need to agree the plan which is expected to be finalised early next year.

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