UK telecoms equipment group Marconi says more than 90% of its creditors intend to vote in favour of its £4 billion refinancing. A vote will take place on Friday, which looks set to bring the group closer to finalising its ongoing restructuring activities.
Following Friday’s vote, it plans to delist from the Stock Exchange on 16 May and on 19 the new Marconi Corporation will replace Marconi plc.
23-Apr-2003
