The biggest shareholder in Carpetright has become the retailer’s banker after Meditor bought out the company’s debt in a move to stabilise the flooring chain.
Shares in Carpetright jumped almost 10 per cent yesterday after it emerged that Meditor, a hedge fund that owns 29.9 per cent of the business, had taken over the retailer’s debt and was in negotiations about providing longer-term funding.
The biggest shareholder in Carpetright has become the retailer’s banker after Meditor bought out the company’s debt in a move to stabilise the flooring chain.
Shares in Carpetright jumped almost 10 per cent yesterday after it emerged that Meditor, a hedge fund that owns 29.9 per cent of the business, had taken over the retailer’s debt and was in negotiations about providing longer-term funding.
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