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'This rescue deal is Interserve's only viable option'

Mar 04, 2019 - The Daily Telegraph (London)
Organizational Restructuring

Last week Interserve, the outsourcing business that provides critical services to the public and private sectors across Britain, announced the terms of a major restructuring plan to reduce its debts and secure its future.

It is a plan that needs shareholder support to proceed at a vote taking place on March 15.

The challenge is that shareholders are being asked to support the group financially and vote on a plan that, should they not choose to invest further to preserve their stake, ...