Britain's Carillion files for liquidation

|About: Carillion Plc ADR (CIOIY)|By:, SA News Editor

Britain's Carillion (OTCPK:CIOIY) collapsed on Monday after its banks lost faith in the construction and services company, which has debt and liabilities of £1.5B.

The struggle poses a conundrum for Prime Minister Theresa May over whether to use public money to assist the firm, which employs 43,000 people, or allow it to founder, putting public services and infrastructure projects nationwide in danger.

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