Interserve plans critical debt for equity swap

Aidan Gregory,

Michael Turner

December 10, 2018 12:30 pm

Interserve PA 230x150 — A general view of signage at Interserve's headquarters in Twyford near Reading in Berkshire, as shares in the company plunged amid reports that the Government is keeping a close eye on the outsourcing giant's financial health following Carillion's collapse. | Steve Parsons/PA Archive/PA Images

The UK’s Interserve plans to swap a “substantial” portion of its debt for equity, as the embattled support services and construction firm tries to avoid the same fate as government contractor Carillion.

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Topics

Equity UK Europe Follow-ons and Rights issues EMEA

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Aidan Gregory

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Michael Turner