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AssetCo Agrees Rescue Plan With Shareholders, Sunday Times Says

AssetCo Plc (ASTO), the U.K. company that owns London’s fire engines, arranged with shareholders to supply 26 million pounds ($42.2 million) in cash, the Sunday Times said, without saying where it got the information.

The cash will be raised through a share sale, with backers including Gartmore Group Ltd. (GRT), Utilico Investments Ltd., and JO Hambro Capital Management, the newspaper said.

To contact the reporter on this story: David Altaner in London at daltaner@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge in London at Ckeatinge@bloomberg.net

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