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Safety gear maker Cosalt to appoint administrators

Feb 15 (Reuters) - Safety equipment maker Cosalt Plc , which warned last week it faced insolvency, said its bankers would appoint administrators to run the company after failing to reach an agreement on its debts and funding for its pension scheme. The company said it had failed to find an alternative source of funding demanded by two lenders - HSBC Bank and RBS - who had threatened to enforce security on loans.
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