Interserve to go into administration as shareholders reject rescue plan



The company building Hull's £12m bridge is set to fall into administration, it has been announced.
Outsourcing giant Interserve has been fighting to secure its future for several months and faced a crunch meeting with shareholders on Friday.
Shareholders had to decide on whether to back a rescue package drawn up by some of the company's lenders, including hedge funds and UK banks such as HSBC and RBS, or reject it.
In a vote on Friday morning, over 59 per cent of shareholders rejected the proposal.
The company is now about to fall into administration as a result.
Interserve said: "The... read more

 
15 March 2019 in Yorkshire & Humber, Views: 21
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