Slater and Gordon cutting UK operations adrift
Listed firm Slater and Gordon is to break off its UK operation to focus fully on the Australian business.
The Law Gazette has reported directors unanimously voted to support recapitalisation of the business to effectively hand over control to international hedge funds.
As a result, UK operations and subsidiaries will be separated from the listed company and transferred to a new UK holding company, UK HoldCo, wholly owned by the senior lenders.
The Gazette said that, following separation, existing shareholders of the compa... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
