Barclays offloads Slater & Gordon debt to BAML: sources

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    Barclays offloads Slater & Gordon debt to BAML: sources



    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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