Brief: Arion banki: Rapyd Agrees To Acquire Valitor For USD 100 Million

Arion banki hf

01/07/2021 15:30

July 1 (Reuters) - Arion banki hf  ARION.IC :
    * RAPYD AGREES TO ACQUIRE VALITOR FOR USD 100 MILLION
    * ARION BANK EXPECTS TO RECOGNIZE A NET PROFIT OF
APPROXIMATELY
ISK 3.5 BILLION FROM SALE
    * PURCHASE PRICE FOR TRANSACTION EQUALS USD 100 MILLION OR
ISK
12.3 BILLION
    * DEAL IS EXPECTED TO CLOSE BY END OF 2021 AND IS SUBJECT TO
REGULATORY APPROVAL
    * ALSO ESTIMATES THAT SURPLUS CAPITAL WILL INCREASE BY ISK
8-11
BILLION

Source text for Eikon:  ID:nMFNyn3fm 
Further company coverage:  ARION.IC 

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