A winding up of Interserve has taken a giant step forward following the resolution of a tax wrangle with Qatari authorities.
Liquidators for Interserve plc, which collapsed in 2019, have now received the greenlight from Qatari officials to sell its shares in Al Binaa Contracting Company.
Authorisation for their sale had eluded liquidators at EY – after they first agreed to sell them two years ago.
In their latest progress report, published on Monday (30 March), Charles King and Alan Hudson said they were “pleased to report that formal tax clearance from the Qatari tax authorities has now been obtained”.
“The joint liquidators are in discussions with the purchaser of the Al Binaa shares to progress the completion of the transfer,”…