Announcement from New Kaupthing and IPC
New Kaupthing and IPC have been in discussions about reorganizing the finances of the corporation and related companies. These discussions have not been concluded, but IPC fulfils the set of rules that New Kaupthing has presented about solving the loan crisis that is infesting the world’s corporations. With the current instalments of loans, the situation with the currency rate and interest rates it was necessary to renegotiate the loans to the company.
With this restructure the goal is to ensure continuing operation of IPC.
New Kaupthing and IPC regret the premature reportage of these matters.