Carillion are building London's new subway-system 'Cross rail' due open 2019-2020. In addition they hold a huge number of other high-profile government infrastructure contracts.
They are 900m in debt, and have 600m pension deficit.
Due to their importance to delivering cross-rail and other large projects, it looks like UK Govt will be forced to bail them out after they failed to negotiate a turn-around plan with their creditors.
So if a bail-out is likely, would it be a good opportunity to pick up its stocks at the current rock-bottom-price?
Submitted January 13, 2018 at 03:25AM by cowboygrebop http://ift.tt/2mAsIti
