Morrisons appears to have signalled its intention to bid for frozen food retailer Iceland by appointing Credit Suisse as an advisor. Iceland’s majority owners, the officials responsible for the winding up of Icelandic bank Landsbanki, put their 67% stake up for sale in May.
Landsbanki, the failed Icelandic lender, is to sell its stake in Iceland. The bank holds a 67% stake in the frozen food chain and is kicking off a sale process, according to reports.
Iceland Seafood Ltd slipped into the red last year after the downturn and haddock shortages hit profits.According to accounts filed at Companies House, the subsidiary of Icelandic company Iceland Seafood posted a pre-tax loss of £340,711...
Sign in to comment on this article
Not logged in before? Register for FREE guest access today.
You will be able to:
With their wealth of farming knowledge and expertise on nose to tail butchery and native breeds, it quickly becomes clear
You won’t miss it when you give it; but patients could miss it if you don’t.
The global grocery sector has few rivals when it comes to sheer size, growth rate and appetite. Here are the players leaving the rest of the competition behind
Site powered by Webvision Cloud