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HS2 contractor Carillion to meet with lenders after two profit warnings

January 7, 2017 1:25 pm

Struggling construction services company Carillion is reportedly racing to secure new funding to avoid collapse. The company a major supplier to the Government and named among the firms awarded deals for the building of phase one of the HS2 rail line is set to meet with lenders in the coming days. Carillions rescue plan would involve handing back loss-making contracts, revising the terms of others and potentially accepting financial support from the Government if it cannot secure private funding, according to Sky News. (News By INDEPENDENT NEWS)

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