(Reuters) - LONDON, July 17 - Metronet, the company
maintaining and upgrading nine of London's 12 underground lines,
is to file for administration because of a cash shortage caused
by overspending, sources close to the situation said on Tuesday.
Accountancy firm Ernst & Young [ERNY.UL] is set to be
appointed as the administrator, one of the sources told Reuters.
Read more at Reuters.com Bonds News
maintaining and upgrading nine of London's 12 underground lines,
is to file for administration because of a cash shortage caused
by overspending, sources close to the situation said on Tuesday.
Accountancy firm Ernst & Young [ERNY.UL] is set to be
appointed as the administrator, one of the sources told Reuters.
Read more at Reuters.com Bonds News
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