Icelandic retailer Baugur has announced that it has purchased 51.4m shares in Big Food Group, representing a 15% stake in the UK grocer. Shares in Big Food Group, which operates frozen food retailer Iceland, surged at the news. Recently, the company’s shares have fallen in value following Iceland’s poor performance.
Shares in Big Food Group, which operates frozen food retailer Iceland, surged at the news. Recently, the company’s shares have fallen in value following Iceland’s poor performance.
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