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Fraud allegations would not...

Fraud allegations would not impact bid for Somerfield, says Baugur

05 Jul 2005
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Five people at the company face fraud charges.

05/07/05 Investment group Baugur hit the headlines after it was revealed that five people at the company face fraud charges.

The charges come as Baugur continues to be part of a consortium considering a £1.12bn ($2bn) bid for UK supermarket group Somerfield.

The company said that the fraud allegations would have no impact on its efforts to buy Somerfield, in which it already has a 5% stake.

http://news.bbc.co.uk/1/hi/business/4648259.stm

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