March 15, 2019 / 12:36 PM / a month ago

Interserve shareholders vote against rescue deal

LONDON, March 15 (Reuters) - Troubled British outsourcer Interserve is on the brink of collapse after its shareholders rejected a rescue plan that would have slashed its debts and handed control of the ailing firm to its lenders.

Interserve’s shareholders voted 59 percent against a debt-for-equity rescue package at a general meeting in central London on Friday, in a victory for its biggest shareholder, US hedge fund Coltrane, which had opposed the plan. (Reporting by Iain Withers Editing by Rachel Armstrong)

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