The Group has reported that it received notice from ConvaTec that it would be terminating its current agreement with Scapa. ConvaTec is one of the Group’s largest customers, accounting for c.$30m of revenue. We highlighted ConvaTec as a key Healthcare customer that is experiencing its own difficulties and significant internal change in our 4 March and 23 May notes.
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Notice of termination of material contract
- Published:
03 Jun 2019 -
Author:
Michael White - Pages:
The Group has reported that it received notice from ConvaTec that it would be terminating its current agreement with Scapa. ConvaTec is one of the Group’s largest customers, accounting for c.$30m of revenue. We highlighted ConvaTec as a key Healthcare customer that is experiencing its own difficulties and significant internal change in our 4 March and 23 May notes.