The British financial media is reporting the existence of a letter sent by the government of the Falkland Islands to Falkland Islands Holdings group, which is in the midst of a controversial takeover bid dispute with an Argentine fund. Last month the Dolphin fund controlled by the Buenos Aires property developer Eduardo Elsztain said it was considering a bid for FIC’s Aim-listed parent FIH Group.
The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.
The Falkland Islands government, FIG, stated on Friday that any proposal change of ownership affecting assets held in the Islands will be scrutinized for compliance with Falklands law. The statement follows the Argentine Dolphin Fund's announcement to the London Stock Exchange, earlier this week, of its interest in taking over the private company Falkland Islands Holdings, FIH.