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Landsbankinn sells 9.2% shareholding in Eyrir Invest

Landsbankinn hf. has sold a 9.2% shareholding in Eyrir Invest hf. in an open sale process. The deadline to submit offers expired at 12 noon on Wednesday 28 November.

Landsbankinn advertised the open sale process of up to 12.1% of its shareholding in investment company Eyrir Invest hf. on 6 November 2018. Prior to the sale process, the Bank held 22% of shares in the company. The sale process was conducted in accordance with Landsbankinn's policy on sale of assets and was open to all potential buyers who are considered eligible investors as defined by Point 9 of Article 43 of Act No. 108/2007, on Securities Transactions. The minimum offer price in the sale process was ISK 41.90 per share in Eyrir Invest.

Landsbankinn accepted four out of five offers for a total of 91,509,035 shares in Eyrir Invest. All shares were sold at the same rate of ISK 42.845 per share. The offer that did not meet the reference rate was rejected. The selling price of the shareholding amounts to ISK 3.9 billion.

News and Notifications - 17 April 2019 03:50 PM

Open again Tuesday 23 April - Happy Easter!

Landsbankinn’s branches and service centres will as usual be closed over the Easter holidays and open again on Tuesday, 23 April. Information about stand-by service for Landsbankinn’s card holders (Visa), travel insurance and SOS emergency assistance is available on the Bank’s website. We remind card holders to notify immediately of lost or stolen cards.


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News and Notifications - 17 April 2019 09:52 AM

Landsbankinn a model of good corporate governance

The Centre of Corporate Governance (CCG) has renewed its recognition of Landsbankinn as a model of corporate governance. The award is organised by the Iceland Chamber of Commerce, Nasdaq OMX Iceland, the Confederation of Icelandic Employers and the CCG at the University of Iceland.


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Weekly bulletin - 15 April 2019 10:46 AM

Icelandic Economic Weekly: Monday 15 April 2019

The real exchange rate of the Icelandic króna in March 2019 decreased by 9.8% YoY. Icelandair published traffic data for March. The Government Debt Management Agency published its monthly Market Information report.


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