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Role of the Banks

In: The National Freight Buy-Out

Author

Listed:
  • Sandy McLachlan

Abstract

National Freight Consortium would not be in existence today had it not been for the support it received from the banks. But any suggestion that Barclays succeeded where Schroders failed would be well wide of the mark: certainly Barclays achieved a unique first in organising a comprehensive staff buy-out by harnessing the skills of the merchant banking arm to the financial muscle provided by its parent clearing bank, but Schroders, too, amply fulfilled its original brief. When Barclays started to act for the Consortium, Schroders continued to act for the Government and drove a hard bargain on final terms on its behalf.

Suggested Citation

  • Sandy McLachlan, 1983. "Role of the Banks," Palgrave Macmillan Books, in: The National Freight Buy-Out, chapter 5, pages 66-75, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06850-0_5
    DOI: 10.1007/978-1-349-06850-0_5
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