Iceland's government halts sale of Islandsbanki shares

Islandsbanki hf

19/04/2022 12:25

COPENHAGEN, April 19 (Reuters) - Iceland's government said
on Tuesday a sale of the state's remaining share in lender
Islandsbanki  ISB.IC  would not go ahead as planned due to lack
of transparency in a previous share sale.    
    "The implementation of the sale did not fully meet the
government's expectations, including transparency and clear
disclosure of information," the government said referring to the
sale of a 22.5% stake in March.  urn:newsml:reuters.com:*:nL2N2VQ0HE
    "No further sale of the state's shares in Íslandsbanki will
be undertaken at this time," the government said in a statement.

 (Reporting by Jacob Gronholt-Pedersen; Editing by Kirsten
Donovan)