Interserve keeps Qatari JV stake after failed sale

摘要

Interserve will hold on to its stake in a Qatari contractor after its joint-venture partner declined to buy it out. The contractor's 49 per cent holding in a JV called Al Binaa Contracting was the only major Interserve asset not transferred to the pic's lenders when its assets were sold in a pre-pack administration in March. JV partner Al Darwish United Co did not submit an offer to buy the UK firm's 49 per cent stake, an administrator's update for Interserve pic has revealed.