Thursday, January 19, 2012

Greece: York Capital denies reports its involved in the Greek Government bond negotiations and plans to be uncooperative

SOURCE York Capital Management

While we do not ordinarily comment on market rumors, several news reports have incorrectly indicated that York Capital is involved in the Greek Government bond negotiations and plans to be uncooperative in some manner. These reports are false. York's holdings in Greek Government bonds have never been of any material size, and York has never been involved in negotiations surrounding the exchange offer and has no intent to do so.