Suitors line up for Towergate
Creditors group offers £1 plus £715m debt deal to buy consolidator
While negotiations continue apace behind the scenes to resolve the future of Towergate, the industry at large remains in the dark over precisely how the cards will fall.
Towergate has hit choppy waters and is considering bids for the company as it grapples with a near £1bn debt and other financial problems.
Marsh continues to be regarded as the most likely to take over the troubled firm and is thought to have made a formal approach in December.
Any hopes that Peter Cullum, Towergate’s founder
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