Wednesday, October 8, 2008

Tchenguiz carnage as he offloads stakes

Tchenguiz carnage as he offloads stakes

Kaupthing held the M&B and Sainsbury shares as collateral for its loans to Tchenguiz. Since running into liquidity problems the Icelandic bank has been anxious to raise cash through asset sales.

Posted by mark @ 04:47 PM (435 views)
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2 thoughts on “Tchenguiz carnage as he offloads stakes

  • japanese uncle says:

    Don’t worry. Tchenguiz can survive this winter with his horse and pao.

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  • Everything he touches turns insolvent.

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