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Barclays and RBS’ £35m Clinton Cards debt sale prompts administration

Clinton Cards has confirmed that Barclays Bank and the Royal Bank of Scotland have sold its outstanding £35m debt to American Greetings, Clinton Cards' largest supplier, in a precursor to the card company entering administration.
By James Wallace
May 9, 2012 | 1:45 P.M.

As a result, Clinton Cards has requested an immediate suspension of its shares, with its fall into administration expected later with the formal appointment of an administrator.

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