Millfield in Finance Talks

The ScotsmanMay 15, 2006

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Summary


MILLFIELD, an AIM-listed chain of Independent Financial Advisers, is believed to be in refinancing talks with five major insurance companies in a desperate bid to stay afloat.

The company - which is in breach of the Financial Services Authority's capital adequacy requirements - has also said it is considering a sale of the group, or raising capital from shareholders.

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Millfield in Finance Talks

Prudential, Axa, Friends ...

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