Baugur in Pounds 29m Raid On House of Fraser

Daily MailApril 07, 2006

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Summary


BAUGUR has been busy again. It spent Pounds 29m to snap up a 9.5pc stake in House of Fraser in a 'dawn raid'.

The Icelandic retailer asked Merrill Lynch to do the buying, leaving HoF perplexed over the identity of the mystery purchaser.

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Baugur in Pounds 29m Raid On House of Fraser

Stock Exchange statistics recorded 21.4m shares as hav...

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