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Icelandic government looking to invest in UK retailers

The demise of Icelandic investment company Baugur has opened up a relatively interesting opportunity for the Icelandic government to require a number of share stakes across the UK retail sector. Baugur was heavily involved in such names as House of Fraser and many other well-known UK operations prior to its financial demise as the Icelandic financial system crashed just a few months ago.

It now appears that the Icelandic government has a rescue package ready to implement which will see a government owned investment company take on many of these UK retail stakes as the authorities look to maximise their income and investment returns for the future. Quite what they will do with these often substantial stakes in some of the UK's better known retail outlets remains to be seen but it does cast something of a cloud over the future of many of these companies.

On a separate note it would appear that many UK investors who lost money in the Icelandic financial collapse may well be in line for some compensation and indeed many appear to have already received payments just prior to Christmas. There is some confusion over which companies are covered by the UK compensation scheme and the Icelandic compensation scheme that this should become clearer over the coming weeks.

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