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Jul 01, 2009 (newstodate): The US investment firm, The Yucaipa Companies, LLC has announced a two billion USD global restructuring of Eimskip, Iceland's largest shipping and logistics company.
Yucaipa has worked with Eimskip and Landsbanki to formulate a strategic plan that would allow the company to return to its core shipping and logistics business.
Yucaipa's commitment to fund new equity into Eimskip marks the first major investment by a U.S. firm since Iceland's economic meltdown.
Yucaipa has worked with Eimskip and Landsbanki to formulate a strategic plan that would allow the company to return to its core shipping and logistics business.
Yucaipa's commitment to fund new equity into Eimskip marks the first major investment by a U.S. firm since Iceland's economic meltdown.