date:Dec 17, 2012
Findus, Newcastle-upon-Tyne, England, producer of frozen fish andvegetables, has written off about 440 million following itsdebt-for-equity swap earlier this year. Strained finances,together with the already tough economic climate in much ofwestern Europe, have prompted renewed speculation that it couldbecome a takeover target.
Company accounts show goodwill and brand impairment losses of219 million last calendar year when it generated earningsbefore interest, tax, depreciation and amortizati