Mark Wood is believed to be among parties eyeing the pension liabilities of House of Fraser, the department store group that is the subject of a £350m takeover approach from Baugur.
Wood, the former chief executive of Prudential’s UK life assurance operations, is thought to have met with Baugur, which must deal with House of Fraser’s £106m pension deficit if its indicative 148p-a-share offer succeeds.
References: Financial Times 01/07/06 page 20
