The marathon battle for Stork took another twist Monday when LME, an Icelandic investment group, said it was interested in buying the 180-year-old Dutch industrial concern as it sought to block a €1.5bn ($2.04bn) offer from Candover, the UK private equity group. LME is controlled by two Icelandic banks and Marel, a Nordic food processing company that has been trying to buy Stork’s chicken and meat pulping business since early 2005. A lawyer for LME said it would not launch a move until Sept 4 when Candover’s offer closed.

This entry was posted by Gwen Robinson on Tuesday, August 28th, 2007 at 5:38 and is filed under Capital markets, Private equity. Tagged with candover, lme, Marel, stork. Edit this entry.