Saturday, August 12, 2017


Exciting days ahead for beleaguered Johnston Press, who have attracted the attention of 55-year-old Norwegian investor Christen Ager-Hanssen. His Custos Group, with offices in Mayfair just north of Berkeley Square, specialises in "disruption". So far, they've bought 5% of JP's shares (probably for less than £750k). Mr Ager-Hanssen says he has a scheme for reducing the interest on JPs debt - they're currently having to pay 8.6% on a bond whilst still making losses; he says he can help re-finance at 3%.

I've no idea what he's saying here (from last year), but it gives you a flavour of his style. I think you can here "incompetent" towards the end.

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