Construction News

25/02/2019

Interserve Agrees Commercial Terms Of Its Deleveraging Plan

The Board of Interserve has agreed key commercial terms of its Deleveraging Plan with its lenders, bonding providers and Pension Trustee.

Interserve is expected to publish shareholder documents next week which will include the Notice of a General Meeting of Interserve at which shareholder approval of the Deleveraging Plan will be sought. The documents will also set out the full terms of the plan.

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Interserve's largest shareholder, Coltrane Asset Management put forward an outline proposal which Interserve is considering.

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