The UK's largest private company, Ineos, has been forced to seek a waiver on its banking covenants for the next two quarters to avoid a potential breach of those terms. The chemical company, that is hhigh in debt, is struggling with a loss on its large inventory of oil following the decline in petrochemicals prices.
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Thursday, November 20, 2008
Ineos forced to seek a waiver on banking covenants to avoid potential breach of terms
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