(Adds Carillion's no comment, detail)
LONDON, Jan 13 (Reuters) - British building and services
company Carillion could enter administration on Monday
unless Britain's government backs a rescue plan, Sky News
reported on Saturday, citing sources.
Carillion said on Friday it remained in "constructive
discussions" with its creditors and suggestions that they had
rejected its business plan were incorrect.
A collapse of Carillion, which provides services to
government departments including justice, health and education,
and has built hospitals, roads and rail lines, would be felt
across Britain and also in Canada and the Middle East where the
200-year-old company has worked on landmark projects.
Carillion declined to comment on Saturday's Sky News report,
which said government officials are due to meet on Sunday to
discuss the company's future.
Shares in Carillion plunged almost 30 percent to a new low
on Friday after Sky News reported it had put administrators on
standby, while a person familiar with the matter told Reuters
that creditors did not like the plan put forward.
Tensions over the future of Carillion have been rising for
weeks and on Thursday ministers overseeing everything from
justice to transport, health and education met to discuss how
they should respond to the possible demise of a business that
plays a central role in British public life.
(Reporting by Andy Bruce; editing by Alexander Smith)
First Published: 2018-01-13 14:58:07
Updated 2018-01-13 15:17:55
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.