Deals confirmed as Cosalt enters administration

ADMINISTRATORS from PwC were this week appointed to Cosalt with the company's shares cancelled from the Stock Market.

David Kelly and Andrew Ross are the joint administrators of the Grimsby-based marine safety business.

The pair have sold the company's 100% shareholding in GTC Holdings and, as previously reported, have offloaded the Cosalt Offshore Norway A/S business to Dunwilco (1793), a company backed by NBGI Private Equity.

The two operations will continue to trade normally under separate ownership. The Offs... For the full story register now for free or login below...