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Iceland boss in talks with Goldman Sachs for deal finance Monday, 27th June 2011
Malcolm Walker is in cahoots with Goldman Sachs as he attempts to garner support for his efforts to regain control of the supermarket chain he founded over forty years ago.A loan from the banking giant is one of many options being considered by Walker. Other ideas are the purchase of part of majority shareholder Landsbanki's stake and private equity support has not been entirely ruled out, but stands as more of a last resort for Iceland at this time.
Rival supermarkets Asda and Morrisons are said to be keeping a keen eye on the developments, sparking speculation that Iceland could attract a price-tag of as much as £2bn.
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Posted in Deals and Takeovers, Food, Franchise & Expansion, Retail Industry, Supermarket News, Supermarkets Tagged Asda, goldman sachs, iceland, landsbanki, Malcolm Walker, morrisons, £2bn
