UPDATED: PPF reaches agreement with Toys R Us; CVA with creditors agreed

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UPDATED: PPF reaches agreement with Toys R Us; CVA with creditors agreed

The Pension Protection Fund (PPF) has reached a settlement with Toys R Us - a move that has paved the way for an agreement to be reached on the firm's Company Voluntary Arrangement (CVA).

As part of the agreement, Toys R Us has agreed to pay £9.8m into the pension plan - composed of £3.8m in 2018, with a further £6m promised over 2019 and 2020. The deal also sees the pension deficit...

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