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Troubled firm Carillion appoints EY to help keep it afloat

Carillion

LONDON – Troubled construction company Carillion appointed professional services firm EY to help manage its restructuring after a collapse in share price.

EY will focus on reducing debt costs and boosting cash collection, according to a statement on Monday. The move is part of a company-wide review, announced last week after Carillion saw its shares plummet to less than half their value over three days.

“We are moving forward quickly with the actions outlined last week,” said Interim Chief Executive Keith Cochrane. “My priorities are to reduce the Group’s net debt and create a balance sheet that will support Carillion going read more >>>

Source:: BusinessInsider.Com

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