Icelandic investment group 'buys stake in M&S'

An Icelandic investment group is building up a shareholding in struggling retailer Marks & Spencer, according to a report.

Wed, 15 Jun, 2005 - 15:08

An Icelandic investment group is building up a shareholding in struggling retailer Marks & Spencer, according to a report.

The unidentified investor is set to confirm shortly that it has spent £170m (€255.3m) on a stake of 3% or more, The Guardian said.

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