Walker-led consortium buys Iceland Foods

A consortium led by Iceland Foods founder and chief executive Malcolm Walker has purchased the UK frozen food retailer.


Iceland's management, including Walker, already owned 23% of the company and today (9 March) announced the acquisition of the rest of the business from failed Icelandic banks Landsbanki and Glitnir.


The deal, which values the business at GBP1.45bn (US$2.28bn), will see Iceland's management own 43% of the retailer.

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