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Insider UK
Insider UK
Business
John Glover

HISTORICAL FACTS: Mccoll s confirms takeover bid has been withdrawn - The Untold Story

McColl Morrisons Daily

McColl’s has confirmed that a takeover bid to buy the company has been withdrawn, with other parties looking to buy different parts of the business.

The board is continuing to search for a new financing solution, which it believes will be found with its existing partners and stakeholders, but notes that it has other alternatives available.

The Scottish convenience store chain confirmed that it was working through £97m of debt difficulties with lenders, seeking a long-term agreement in relation to the balance of its facility.

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