Baugur to set formal offer for BFG

2004-12-13T08:38:00+00:00

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Icelandic investor Baugur is expected to announce a formal offer for the Big Food Group this week worth £326m.

The investor conformed it would formalise the offer by Friday this week, according to newspaper reports.

BFG, owner of the Iceland supermarket group, said last month that it was ready to back a proposed cash offer of 95p a share from Baugur.

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