Creditors poised to seize Hibu

Press Association
Yellow Pages
Yellow Pages

Phonebook publisher Yellow Pages could fall into the hands of hedge funds, banks and bondholders within weeks under a sweeping debt overhaul.

Creditors are poised to seize control of Hibu, the Reading-based owner of Yellow Pages, in a deal which would wipe out shareholders and more than halve its £2 billion debt pile, The Sunday Times reported.