Barclays offloads Slater & Gordon debt to BAML: sources
- Mar 10 2017 at 5:11 PM
- Updated 32 mins ago
- Sarah Thompson , Anthony Macdonald , Joyce Moullakis
Read more: http://www.copyright link/street-talk#ixzz4auFSnKi5
Main points......
Suggests BAML acquired the slice, which was worth about £50 million.
Preference of lenders is for the company to remain listed
One of the points of discussion is whether the lenders will accept new shares as a replacement for their loans.
Main priority of the future owners is to stabilise the business
Same cannot be said for Andrew Grech-led management and board that embarked on a UK acquisition
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