Newcourt Group in Receivership

kravmaga · 21-06-2009 07:53PM #1

Was a bit surprised to hear of Newcourt Group being put into receivership recently. One of the largest security companies in Ireland with 2,500 ee's.
Appartently they owe Bank of Ireland a whopping €50 million:eek:

Senior Management now to launch an MBO attempt.

Main companies affected are Federal Security ,Sigmar Recruitment, Nifast, and Acuman Facilities Management.

http://www.thepost.ie/post/pages/p/story.aspx-qqqt=THE+MARKET-qqqs=themarket-qqqid=42574-qqqx=1.asp

DUBISAK · 29-06-2009 01:37PM

Hi Blueeued Boy,

Did you have any finanical interst in Newcourt? I had soem shares, which are now suspended. I have taken ut that there will be no recoup of my investenbt but have you heard of any further maybe even leading to small recoup for investors?

LarryTheKidd · 02-07-2009 12:41PM

Take a look at the link below

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ANEW.L&it=le&submitted=1

Newcourt Group in Receivership

Comments