Reuters: Bankruptcy News: BRIEF-Cosalt to appoint administrators, sell assets

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BRIEF-Cosalt to appoint administrators, sell assets Feb 15th 2013, 11:43 LONDON | Fri Feb 15, 2013 6:43am EST LONDON Feb 15 (Reuters) - Cosalt PLC : * Requested RBS and HSBC Bank to appoint administrators to the company * Have been unable to identify any alternative source of funding * Administrators will seek to sell the company's assets, including the shares in Cosalt Offshore and Cosalt Workwear * No employees,customers or suppliers to be materially affected and trading

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