Kaupthing Bank sells 10% of Arion Banki

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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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