Eastgate forced to seek £7m boost.
Eastgate has been forced to go to its shareholders for a cash injection of £7m because of the underp...
Eastgate has been forced to go to its shareholders for a cashinjection of £7m because of the underperformance of Hambro Assistance,
which it bought from the Lindsey Morden Group in November 1999 for
£51m.
The assistance and outsourcing group is now suing Canadian company Lindsay
Morden for breaches of representation and warranties when it bought
Hambro, now re-named Eastgate Assistance.
Ken Randall, group chief executive of Eastgate, told PB: "I cannot give
details of the nature of the claim
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