Esken, operator of London Southend Airport (above), says in a filing to the London Stock Exchange that it will go through court-monitored restructuring and delist its shares.
Credit: A.P.S. (UK)/Alamy Stock Photo
The Carlyle Group, a U.S. private equity firm, will take a controlling stake in London Southend Airport (SEN) following a recapitalization agreement with Esken, the airport’s struggling owner. According to Esken, Carlyle Global Infrastructure Fund will exercise a convertible loan of £193.75 million...
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