UK - Investcorp's Polestar in crisis
Polestar, the printing group formed by Investcorp's ТЃ700m buyout of two printing groups in 1998, is reported to be on the threshold of a financial restructuring.
It is understood that Bahrain-based Investcorp will lose the total value of its investment and the company's banks including Royal Bank of Scotland, JP Morgan and Deutsche Bank are being asked to write-off a substantial part of the money they are owed.
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