Originally Posted by ETOPS773
This has NOTHING to do with the rumours here of easyjet being a bit...uneasy.
The REAL reson why this is explained below in the link:
http://www.moneyweek.com/file/10592/...-meltdown.html
Basically their monetry system is in turmoil due to the international carry trade unravelling.
So if
Icelandīs monetary system is in turmoil, then why would an Icelandic company sell itīs 16,9% stake in a
foreign company?
Proceeds from the sale will be channelled into new
investments during 2006.
They obviously have found a beter deal than EZY with all itīs "bright future."
In one way management in EZY can breath a sigh of relief as the threat of a take-over seems to be reduced, although itīs not sure who bought the shares that the FL Group dumped. (didnīt they hire an expensive consultancy firm for advice regarding this matter a couple of months ago?)
On the other hand you can ask yourself why did the FL Group sell itīs multi million Pound stake in a company with a "bright future?"
