Two corporations, the Al Fahim Group (Abu Dhabi, United Arab Emirates) and Oppenheimer Investments AG (Solothurn, Switzerland), accuse Schulze and his two business partners of intending to swindle them out of a sales commission in the amount of more than 10 million British pounds
in connection with the planned purchase of London's luxurious Lanesborough Hotel, and their shares in the hotel subsequent to the acquisition.
Such sentiment effectively limits external demand for British Pounds
, and the crisis in confidence for UK financial markets likewise removes a key pillar of GBP support.
5 million British Pounds
on total revenues (turnover) of 10.
MEPC said late last year that outside assessors had valued the Northridge facility at 106 million British pounds
, or about $175 million.
The resulting net payment by Fortune Brands of approximately 117 million British pounds
(207 million US dollars) will bring Fortune Brands' total cost for the acquisition to approximately 5.