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Britain's Carillion fails, forcing government to step in

Collapse of 200-year-old company puts many major works at stake, including some 450 projects for the govt

Carillion was forced into compulsory liquidation after costly contract delays and a slump in new business left it at the mercy of its lenders and battling a ballooning debt pile.


BRITAIN'S Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.

Carillion was...

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