Jessops scheme to take one-third stake in company after restructure

Jonathan Stapleton
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UK - Jessops is set to sell its main operating company to a special purpose vehicle owned by its bank, pension scheme and an employee trust.

The retailer's board of directors said they would sell Jessop Group Limited to a firm owned 47% by HSBC Bank, 33% by the trustees of The Jessop Group Limited Pension and Life Assurance Scheme (1993...

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