Tag : Interserve
Troubled contractor Interserve has agreed a rescue deal with lenders to slash borrowings of more than £600M.
US-based energy-tech firm Babcock & Wilcox (B&W) has revealed three energy from waste (EfW) plants it is building with Interserve will be handed to clients later than expected.
Debt-laden Interserve looks to shift materials arm Subscription
In a bold attempt to clear some of its £650M debt, Interserve is reportedly looking to hand its profitable RMD Kwikform business to lenders.
Shares in Interserve have plummeted by 75% after the company revealed it was seeking negotiate a rescue deal.
Interserve’s expected year-end net debt is to be in the range of £625M to £650M, up from £503M last year.
Kier commits to £375M debt reduction Subscription
Kier will focus heavily on reducing its debt, the company has revealed following the release of its annual report.
The share price of Interserve has fallen to its lowest point in more than 30 years.
Interserve is facing a High Court showdown with Swansea City over alleged defects to works on the football club’s Liberty Stadium.
Interserve may be forced to sell-off parts of its business to account for pre-tax losses of £244M.