
Guernsey management company confident of buyout following Garenne Group collapse
The Garenne Construction went bust last week but if the bid is approved, AFM Guernsey will continue business as usual, but under new ownership.
The Garenne Construction went bust last week but if the bid is approved, AFM Guernsey will continue business as usual, but under new ownership.
The company had raised more than £200m in financing, but was bought out of administration for just £8.5m. The buyers will also have to settle £9.7m in debts.
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