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<\/a><\/div>\n<\/div>\nRMD Kwikform has been estimated to be worth \u00a3250m-\u00a3300m and could be later sold off in a managed way rather than risking a cut-price deal in a fire-sale.<\/p>\n
In the first half of this year, RMD delivered over \u00a318m profit from revenue of nearly \u00a3100m, accounting for just under half of pre-exceptional group operating profit.<\/p>\n
Interserve said it continues “construction discussions” with lenders to reduce its \u00a3650m debt pile.<\/p>\n
<\/a><\/div>\n<\/div>\nIt added that the banks are “fully supportive of Interserve’s business plan and management team.”<\/span><\/p>\n A proposed debt for equity swap would see banks write-off loans for shares wiping-out value for existing stakeholders.<\/p>\n Final terns of the deal are expected to be announced early in the New Year.<\/p>\n Debbie White, CEO of Interserve, said: <\/span>“This progress on the Deleveraging Plan is excellent news for all our employees, customers and suppliers. <\/span><\/p>\n “It will provide us with a strong balance sheet and enable us to move forward with confidence and the ability to improve our business and deliver our long term strategy.”<\/span><\/p>\n<\/a><\/div>\n<\/div>\n
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