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Food & Drink Group has gone into administration.
The company was in bid talks but these failed and BDO Stoy Hayward appointed as administrator because market conditions deteriorated.
The shares were suspended on 17 June at 10.25p, which values the bars and restaurants operator at £580,000.
The business has been sold to Mainpart Ltd, which is backed by NBGI Private Equity, but this won’t raise enough for shareholders to receive anything.
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