Baugur to buy House of Fraser 25. ágúst 2006 10:59 House of Fraser, Baugur Group Baugur Group through its daughter company BG Holding and other investors has reached an agreement with British chain House of Fraser on its purchase. The take over bid was announced yesterday for 148 pence per share which equals a total purchase price of 60 billion ISK. The offer was made under the name of Highland Acquisitions Limited, a company owned by Baugur, Don McCarthy, West Coast Capital, Kevin Stanford, Stefan Cassar and Halifax Bank of Scotland. FL Group yesterday announced their plans to join the venture, with 13,9 percent of shares in Highland and a seat on the board. If the purchase goes forth as planned it will be valid from November 8 following a shareholders meeting on October 2. The take over has been covered in the British press, and the Financial Times says that this is Baugur Group's largest investment in Britain so far. News News in English Mest lesið Vill tollalaus viðskipti við Evrópu Erlent Wow fékk bestu þjónustu Airbus eftir að Icelandair valdi Boeing Viðskipti innlent Veitingahús vilji ekki bara ráða ófaglært starfsfólk Innlent Allt að 18 stiga hiti á morgun en súld og léttskýjað í dag Veður Reynst erfitt að laga tvígreiðsluvillu en gefast ekki upp Innlent Tveir unnu tæpar 80 milljónir hvor Innlent Söfnuðu 140 milljónum fyrir Kvennaathvarfið Innlent „Þetta verður ekki auðvelt“ Erlent Sektaður fyrir of stutt bil milli bíla Innlent Þúsund sinnum sterkara en morfín og erfitt að þekkja Innlent
Baugur Group through its daughter company BG Holding and other investors has reached an agreement with British chain House of Fraser on its purchase. The take over bid was announced yesterday for 148 pence per share which equals a total purchase price of 60 billion ISK. The offer was made under the name of Highland Acquisitions Limited, a company owned by Baugur, Don McCarthy, West Coast Capital, Kevin Stanford, Stefan Cassar and Halifax Bank of Scotland. FL Group yesterday announced their plans to join the venture, with 13,9 percent of shares in Highland and a seat on the board. If the purchase goes forth as planned it will be valid from November 8 following a shareholders meeting on October 2. The take over has been covered in the British press, and the Financial Times says that this is Baugur Group's largest investment in Britain so far.
News News in English Mest lesið Vill tollalaus viðskipti við Evrópu Erlent Wow fékk bestu þjónustu Airbus eftir að Icelandair valdi Boeing Viðskipti innlent Veitingahús vilji ekki bara ráða ófaglært starfsfólk Innlent Allt að 18 stiga hiti á morgun en súld og léttskýjað í dag Veður Reynst erfitt að laga tvígreiðsluvillu en gefast ekki upp Innlent Tveir unnu tæpar 80 milljónir hvor Innlent Söfnuðu 140 milljónum fyrir Kvennaathvarfið Innlent „Þetta verður ekki auðvelt“ Erlent Sektaður fyrir of stutt bil milli bíla Innlent Þúsund sinnum sterkara en morfín og erfitt að þekkja Innlent