the big chill

Quinn, David
November 2008
EG: Estates Gazette;11/15/2008 EG Retail Supplement, p14
Trade Publication
The article reports on the status of British retail names and Icelandic investment company Baugur. The company's ongoing troubles have been caused by the failure and nationalisation of Icelandic banks Glitnir, Landsbanki and Kaupthing in early October. The company maintains there is no threat to its portfolio of retailers in Great Britain, since pre-emption clauses provide the option for other existing investors to acquire equivalent shareholdings when a stake in a particular retailer is sold.


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