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 Greindi þátt almennings og fjölmiðla í máli „strokufangans“ Innlent Sagður hafa tæmt sjóði flokksins og rekur nýja stjórn úr húsnæðinu Innlent Vonar að Rauði krossinn endurskoði afstöðu sína Innlent Handtóku ökumann eftir eftirför á Sæbraut Innlent Þúsundir syrgja í Tehran og Trump segir æðstaklerkinn ljúga Erlent Halla forseti blandar sér í götuljósaumræðuna Innlent Svifvængjaflugslys við Reynisfjall Innlent Segir ásakanir kjaftæði og íhugar meiðyrðamál Innlent Mikill viðbúnaður vegna eftirfarar á Sæbraut Innlent Reiða fram rúma milljón fyrir Jakub 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 Greindi þátt almennings og fjölmiðla í máli „strokufangans“ Innlent Sagður hafa tæmt sjóði flokksins og rekur nýja stjórn úr húsnæðinu Innlent Vonar að Rauði krossinn endurskoði afstöðu sína Innlent Handtóku ökumann eftir eftirför á Sæbraut Innlent Þúsundir syrgja í Tehran og Trump segir æðstaklerkinn ljúga Erlent Halla forseti blandar sér í götuljósaumræðuna Innlent Svifvængjaflugslys við Reynisfjall Innlent Segir ásakanir kjaftæði og íhugar meiðyrðamál Innlent Mikill viðbúnaður vegna eftirfarar á Sæbraut Innlent Reiða fram rúma milljón fyrir Jakub Innlent