We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Mind the thorns

15 August 2007 By Mike Verdin

The private equity boss has got Iceland s Kaupthing to buy his troubled Dutch bank, NIBC Holding, for E3bn. But he only gets some cash now. Kaupthing is paying a lot in shares, which Flowers can t sell for up to two years. If NIBC blows up again, he’ll still be on the hook.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)