Interserve share price shredded

By Will Ing2018-12-10T10:15:00

Stock halved in minutes and down 90% from January high

Interserve’s share price has halved in the first couple of hourrs of Monday trading as investors respond to a secind rescue plan in a year which will see the firm hand control of the business to its lenders in a debt for equity swap.

The firm said the talks would probably leave shareholders nursing big losses.

Shareholders will need to agree the plan which is expected to be finalised early next year.

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