July 8, 2005

Baugur Group has decided to withdraw from the consortium that is considering making an offer to the retail chain Somerfield. The daily Morgunblaðið received the following press release from Baugur just after eight tonight.

Iceland State Radio, RÚV, reports that Baugur is withdrawing from the Somerfield deal.

“Not the results we were hoping for”, says Davíð Oddsson, foreign minister, on concluding the discussions between the US and Iceland regarding the future of the Keflavík defese force.

The film producers of Flags of our Fathers are looking for 500 Icelandic extras to play young soldiers in the movie.