Lamprell posts for sale sign amid severe liquidity issues

Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.

By Ed Reed

24/06/2022, 7:43 am Updated: 24/06/2022, 1:45 pm

Lamprell sale — Lamprell needs to find $75m urgently.

Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.

It has made various efforts to seek equity and bank finance but has not been successful. As a result, it is seeking buyers for both the group and its assets.

One offer has already been set out.

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