Esken to wind up after handing Southend Airport to Carlyle
Carlyle(CG) Proactive Investors·2024-03-06 20:14
Esken is to wind itself up after agreeing to dispose of Southend Airport, its main asset, to private equity group Carlyle, sending its share price crashing by two-thirds. In a statement, Esken said it had agreed to the recapitalisation proposal from Carlyle, its main lender, as fighting it would have been potentially destructive to all shareholders. Ratifying the recapitalisation through the courts will take several months, Esken said, but once complete it will delist its shares with any return to sharehold ...