Baugur Archives - Just Food
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UK: Landsbanki mulling options for Iceland stake

UK: Landsbanki mulling options for Iceland stake

Icelandic bank Landsbanki is “considering options” for its 14% stake in UK supermarket group Iceland, which fell under the bank’s control when it seized the assets of investment firm Baugur.

ICELAND/UK: Baugur assets “likely to be seized”

The retail holdings of Icelandic investment firm Baugur are “likely to be seized” by its principal lender, Landsbanki, a spokesperson for the group told just-food this morning (6 February). The…

UK: Baugur seeks protection from creditors

Iceland’s Baugur has sought protection from its creditors, after talks with Icelandic bank Landsbanki collapsed over the investment vehicle’s GBP1bn (US$1.45bn) debt mountain. The company, which has interests in a number of…

UK: Baugur chairman takes Iceland role

Jón Ásgeir Jóhannesson, chairman of Baugur UK, has joined the board of Iceland food stores in the UK as chairman. “Iceland is a robust company and has great potential for…