Towergate confirms £1 creditor bid
Towergate has confirmed receipt of a bid from debtholders to buy the embattled broker for its total debts and interest, plus £1.
The bid, which totals £715m, comes from creditors holding 67% of the business, advised by Moelis & Company, who were appointed in November last year.
A spokesman acting on behalf of the creditor group
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