February 25, 2005 - Iceland Review Skip to content

February 25, 2005

Hotel Over Ruins

The hotel being built over ruins that are said to be the first farm in Reykjavik is ISK 13.1 million over budget, according to a letter drafted by the Mayor, Steinunn Valdis Oskarsdottir.

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Baugur Rejected by Somerfield

The Guardian reports that Icelandic company Baugur’s bid to take over the British Somerfield supermarket chain has been rejected. A bid valued at one billion pounds, or 190p a share, was rejected outright.

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