Vince Cable says Carillion should not receive public assistance to prevent its collapse

18

SHAREHOLDERS and creditors, not taxpayers, should take the financial hit of saving struggling construction giant Carillion from collapse, the Lib Dem leader has said.

Sir Vince Cable rejected suggestions the firm should benefit from a Government bailout to avoid major public ­sector projects being plunged into chaos.

The construction company has been meeting with its lenders and stakeholders to access the situation

Reuters 2 The construction company has been meeting with its lenders and stakeholders to access the situation

The leader of the Liberal Democrats says a bailout would be a big mistake

PA:Press Association 2 The leader of the Liberal Democrats says a bailout would be a big mistake

Carillion has met lenders to discuss options to reduce debts, recapitalise and/or restructure the group’s ­balance sheet.




Leave a Reply

Your email address will not be published. Required fields are marked *