Focus DIY in debt restructuring talks - sources

Newswire

By Elena Moya LONDON, Dec. 18 (Reuters) - Focus DIY Ltd., Britain's third-largest DIY retailer, is in talks with its creditors to reach a debt restructuring deal -- a move aimed at saving the company from insolvency, sources close to the situation said. The agreement is expected in the first half of next year, one of the sources said. The company is struggling as its earnings may not be adequate to pay for the interest on its debt. Focus has about 160 million pounds ($312.3 million) of ...

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