News: Issue 599 22 Jun 2012
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Funding / Financing, General transport / Mode, All of UK
Mouchel shares virtually worthless
Mouchel has acknowledged that the value of its shares is likely to be wiped out under plans for a financial restructure to reduce its £104m debt to a sustainable level. The outcome of the review will be announced by the end of July. However, in its interim management statement, Mouchel warned that every option being considered would leave “only limited value for existing shareholders”.
The latest episode after three years of continual write downs, restructuring and profit...
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