Interserve mulls decision whether to hand RMD to lenders

By Will Ing2018-12-21T10:21:00

Contractor also says debt will be converted into new shares as part of deleveraging plan

Interserve has confirmed it is considering whether to hand subsidiary RMD Kwikform to creditors as it also reveals a portion of new equity will be offered to investors.

The contractor is in rescue talks with creditors after ongoing losses on problem jobs left it struggling to service its £650m net debt pile.

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