26th Jan 2009 14:21
Candover Investments plc has been informed that Ferretti has initiated discussions with its lenders in light of breaches of its banking agreements and that Ferretti has appointed Rothschild to advise it on available options. In accordance with Candover's obligations under the Disclosure and Transparency Rules, Candover notifies the market accordingly.
As at 30 June 2008 Ferretti was valued at £48.6m plus £5.5m of accrued loan note interest (247p per share), representing approximately 12.1 % of Candover's net assets at that date.
Enquiries:Tulchan CommunicationsSusanna Voyle or Peter Hewer
T +44 (0) 20 7353 4200
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