For
UK clearing banks, including BoS, HSBC,
Lloyds TSB, we have been instructed to establish valuations
for debt restructuring.
For
example the construction materials business of Burmah
Castrol plc. known as the Fosroc
group of companies was acquired by J.M.H.
FZCO and its wholly owned subsidiary J.M.H.
(UK) Limited. The sale of Fosroc was part of a
commitment by BP to dispose of a chemicals division of Burmah
Castrol. Our revaluation of the company’s
intangible assets, notably a considerable patent and trademark
portfolio, supported circa $80m of debt financing.

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