Carillion has gone into liquidation after failing to reach an agreement with key financial and other stakeholders in last-ditch talks over the weekend.
A statement from the firm said: “Despite considerable efforts, those discussions have not been successful, and the board of Carillion has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect. “
PricewaterhouseCoopers is expected to be appointed as special managers to act on behalf of the official receiver.
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