Baugur's Crisis Won't Affect Us

Daily PostFebruary 05, 2009

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Summary


DEESIDE-BASED Iceland Frozen Foods said yesterday there would be "zero impact" on its operations after a shareholder went into administration.

Icelandic retail investor Baugur, which owns 13.5% of Iceland, entered the "moratorium" process in Iceland after talks failed with Icelandic bank Landsbanki over restructuring its pounds 1bn debt burden.

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Extract


Baugur's Crisis Won't Affect Us

Landsbanki also filed a petition to place BG Holding, which owns its UK assets, into administrat...

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