MDF investors fall out over restructuring

01 April 1998

MDF investors fall out over restructuring

DISAGREEMENT yesterday among investors over a planned financial restructuring put the future of MD Foods International (MDFI) in doubt.

Shareholders are due to vote on the plans today to buy out the four Danish banks and other institutional investors that own 49%.

The plan would transfer its activities to MD Foods which would place them under a wholly-owned subsidiary. MDFI would be left with only its debts of about Dkr2.5 billion ($355m).

• Financial Times 01/04/98 page 28