posted on Jun, 23 2012 @ 04:55 AM
reply to post by nightbringr
reply to post by nightbringr
A lot of unverifiable information is being spread on the web on this subject.
The sourced blogsite www.itmakessenseblog.com, who post the OP cites is no longer even accessible. Its original post has been hash slung all OVER the
net and is quoted by numberless different sites.
But here are links to verifiable financial connections of Rothschild to banks in Iceland:
This in 2008 showing Rothschild involvement with Bakkavor well before financial crisis:
Bakkavör seeks to defrost cash
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www.ft.com... The company is working with Rothschild, its
long-term advisers, to negotiate over the issue with its 17 banks. There is no suggestion that Bakkavör, which has net debt of about £400m, is
suffering from any liquidity problem. Bakkavör said on Monday that the deposit was fully protected by the Iceland Depositors and Investors Guarantee
Fund. Rothschild was unavailable for comment.
's suppliers lose trading cover as downturn bites
The Icelandic-headquartered company, which has operations across the UK, is also working with Rothschild. The investment bank is
believed to be assessing options for about £250m of debt that will need refinancing over the next two years.
And here: We'll get cash back, claims Bakkavor
It also disclosed it had appointed NM Rothschild as advisors in discussions with lenders on renewing its main credit facilities.
Here in 2009: Bakkavor axes jobs as demand slumps
The group is also trying to reduce its 880m [pounds sterling] debt, appointing Rothschild to look at ways of reducing its
Rothschild lists Bakkavor as being advised under its 'Trusted adviser on equity and debt advisory deals' section on page 3 in this 2011 Consumer
Advisory Brochure here:
Consumer Advisory Pamphlet
Also through its shown involvements world wide, they state "Consequently,
Rothschild has advised on more transactions
than anyone else..."
In newer relations, On March 9th 2012 Rothschild is still helping Iceland Companies with financial acquisitions. So it appears that Rothschild did not
get thrown out of dealings with the country. Info source: Rothschild transaction
£1.45bn acquisition of Iceland Foods Group Limited by Iceland management and co-investors 9 March 2012 - Rothschild has acted as the financial
adviser to the core Iceland management team and its co-investors, including founder Malcolm Walker, on the £1.45bn acquisition of Iceland Foods Group
Limited (Iceland Foods). Rothschild provided integrated M&A and financing advice on valuation, commercial terms and hedging strategies, as well as
the identification of and approach to co-investors and the arrangement of fully underwritten debt finance. Rothschild’s involvement with Iceland
Foods extends almost 30 years, having originally advised the company on its listing in 1984. Rothschild has a strong track record in the retail
sector, and in 2011 advised on more European retail M&A deals than any of its competitors.
What is the importance of Bakkavör
? It purchased
which was the largest holding owner of
which was part of the government bank takeover in 2008
at the start of the crisis, which is far from being over. As for Rothschilds being thrown out? I don't see that anywhere.