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Archial Group
- BY: Andrew Hore |
- POSTED: 01/10/2010 |
- COMMENTS: Add yours
Canadian architect Ingenium has picked up the majority of Archial’s UK assets following the appointment of PwC as administrator to the company.
Privately-owned Ingenium acquired the businesses one week after Archial went into administration. The businesses will form a UK base for Ingenium’s international operations.
Archial shareholders will not be getting any money. There is not enough cash to cover the group’s creditors.
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