10-12-2018, 05:14
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#61
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,641
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Re: Carillion Crisis
Outsourcing firm Interserve in rescue talks.
https://www.theguardian.com/business...-new-contracts
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The heavily indebted group, which employs 75,000 staff worldwide, said on Sunday night that the talks with lenders would probably leave shareholders nursing big losses as the company drifts into the hands of the banks that have loaned it more than £600m.
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Investors have been fretting that the debts could send the company into a death spiral similar to that suffered by Carillion, Interserve’s former rival, which collapsed in January despite it running huge government projects including building Merseyside’s £335m Royal Liverpool University hospital.
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“The only lesson you can learn from history is that it repeats itself”
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