Print Published in 2003

Cordiant cash crisis looks increasingly insoluble as rescue options diminish

The future of stricken Cordiant Communications Group looks increasingly in doubt as refinancing and rescue options appear to be diminishing by the hour. While the directors said they were “encouraged by both the support of its lenders and the constructive discussions that continue concerning the short-term and long-term funding of the group” and that the non-core disposal programme “continues to make good progress”, the facts are: