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Examples
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Iceland Foods boss says his rejected offer to fellow shareholders Landsbanki and Glitnir is still on the table
Iceland Foods' Malcolm Walker confirms £1bn buyout offer Zoe Wood 2010
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Some of the Icelandic banks nationalised last year were co-investors in Baugur, such as Glitnir, and their collapse sparked fears over the retail group and its portfolio of UK retail giants.
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Malcolm Walker, the boss of Iceland Foods, confirmed he has offered to buy out fellow shareholders Landsbanki and Glitnir, the defunct Icelandic banks, in a deal that would value the supermarket chain at £1bn.
Iceland Foods' Malcolm Walker confirms £1bn buyout offer Zoe Wood 2010
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Its primary owner is Landsbanki, which along with fellow failed Icelandic bank Glitnir holds a 77% stake.
Sale of Iceland Foods Heats Up Dana Cimilluca 2011
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The report found that the country's three leading banks – Glitnir, Kaupthing and Landsbanki – got too big and overwhelmed the financial system when they ran into trouble with excessive risk-taking.
Geir Haarde, Iceland Ex-PM, Indicted For Role In Financial Crisis Jeff Muskus 2010
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Similarly, the default of Kaupthing Bank, Glitnir and Landsbanki—unavoidable given that bank-sector assets had grown to 10 times gross domestic product—was by no means costless.
Investors Reward Iceland's Steady Progress Richard Barley 2011
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A Special Investigation Commission had reported that the country's three leading banks — Glitnir, Kaupthing and Landsbanki — overwhelmed the financial system when they ran into trouble with excessive risk-taking.
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Landsbanki and Glitnir's bankers at UBS AG and Bank of America Merrill Lynch are expected to run a standard two-stage auction process for Iceland Foods, with initial bids due in about a month.
Sale of Iceland Foods Heats Up Dana Cimilluca 2011
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Similarly, the default of Kaupthing Bank, Glitnir and Landsbanki—unavoidable given that bank-sector assets had grown to 10 times gross domestic product—was by no means costless.
Investors Reward Iceland's Steady Progress Richard Barley 2011
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A Special Investigation Commission had reported that the country's three leading banks — Glitnir, Kaupthing and Landsbanki — overwhelmed the financial system when they ran into trouble with excessive risk-taking.
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