Shareholding NFC staff to benefit in firm's flotation
24th November 1988, Page 14
24th November 1988
Page 14
Page 14, 24th November 1988
— Shareholding NFC staff to benefit in firm's flotation
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• National Freight Consortium employee shareholders may be offered preferential High Street bank loans to buy extra shares when the company is floated in January.
Several banks are expected to offer substantial discounts to shareholders who want to cash in on a rights issue.
New NFC employees are already given interest-free loans from the company to buy existing shares.
The National Freight Consortium will rank with the highflyers when it is floated on the Stock Exchange in January — only slightly behind British Aerospace and Eurotunnel and well ahead of Christian Salvesen, Transport Development Group and AB Ports, according to a survey conducted by joint broker to the NFC, Kitcat & Aitken.