PF Archive

Arcapita drops Viridian sale

28 11 2008

Arcapita has ditched its planned £2 billion ($3.06 billion) sale of Irish power company Viridian. The failed auction was being handled by Dresdner Kleinwort. Bahrain-based Arcapita blames the failed auction on the credit crunch. While some offers for Viridian were in line...