Road maintenance and consulting company, Mouchel, has secured a £170 million loan to refinance debt, Reuters reports. Barclays, Lloyds Banking Group and Royal Bank of Scotland will provide the new credit facilities until March 2014.
Mouchel has received a £172 million takeover offer from engineering and construction group, Costain. Balfour Beatty, Capita and Carillion may also offer to buy Mouchel.
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