Kaupthing Bank sells 10% of Arion Banki

By Aidan Gregory
03 Apr 2019

Kaupthing Bank has completed the first selldown of shares in Arion Banki, the Icelandic bank that was rescued during the financial crisis, since its re-IPO last year.

The holding company, established by the Icelandic government following the collapse of Kaupthing Bank, sold a 10% stake in Arion Banki for Ikr15.34bn (€111m). Citigroup, Carnegie and Fossar Markets, three of the four IPO global co-ordinators, led the sale as bookrunners.

At the final Ikr700 offer price, ...

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