Candover moves to reassure after Swissport Heathrow collapses

Candover, the private equity group moved swiftly today to reassure investors on the overall health of its €393m ($500m) investment in Swissport International after the Heathrow operations of the airport ground-handling group collapsed.

Swissport International this morning ceased the operational activities of its loss-making UK subsidiary at London's Heathrow airport, which employs 700 staff. It was placed into administration.

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