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Old 10th May 2008, 22:01
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jetstream7
 
Join Date: Aug 2000
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From the Eimskip website...

Eimskipīs loan guarantee provided to the buyers of XL Leisure Group is still valid

Hf. Eimskipafelag Islands today announces that the loan guarantee it provided to the purchasers of XL Leisure Group in the UK in the end of 2006 is still valid. The Company had previously announced that the guarantee would expire on 5 May 2008. Due to difficult market conditions the refinancing has not been completed but Eimskip is in good cooperation with the management of XL Leisure Group and its financial partners. The Company expects the guarantee to be waived in the coming weeks.

For further information

Halldor Kristmannsson

Executive VP of Corporate Communications
http://www.eimskip.com/DesktopDefaul.../27_read-1803/

So presumably something in the pipeline,and not necessarily a purchase by another company?
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