China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Iranian tycoon considers Woolworths bid: report
LONDON (Reuters) - Woolworths' WLW.L biggest shareholder, Iranian property tycoon Ardeshir Naghshineh, may plan his own bid for the confectionery-to-DVDs retailer, the Sunday Times reported.
It said Naghshineh, who has a 10.2 percent stake it the struggling retail group, had told the paper he was "interested in the business".
Earlier this month Woolworths' management rejected a 50 million pounds ($91.6 million) takeover approach from Malcolm Walker, the founder of frozen-food chain Iceland, and Icelandic retail investor Baugur.
The consortium offered to take Woolworths' 815 stores but leave the parent company with a near-100 million pounds pension deficit and most of its 120 million pounds debt.
(Editing by David Holmes)
