UK: Iceland mull sale and leaseback option for raising cash
UK frozen-food retailer Iceland Group is mulling a sale-and-lease-back deal on 750 outlets in its national property portfolio in a bid to raise more cash. The proposal, which could unlock between £300m (US$426.64m) and £400m from its balance sheet, is just one of the cash-strapped chain's options included in its financial strategy review.
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