Carillion's Collapse Could Affect Companies From Madrid to Texas
- Failed British builder had joint venture partners worldwide
- Firm’s demise offers opportunities for rivals, analysts say
Labour Party Says Carillion Impact `Running Out of Control'
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“The good thing about a car crash that takes seven months is that everyone has had time to put on their seat belts,” London broker Liberum Capital wrote in a note Monday, referring to the collapse of U.K. construction and services company Carillion Plc.
But while the industry may have had ample time to prepare for the firm’s downfall, shares of some joint venture partners fell Monday as they quantified the financial impact. Carillion’s rivals, meanwhile, may benefit from increased contract opportunities, according to analysts.