Brief: Kvika Banki Announces Discontinuation Of Merger Negotiations With Íslandsbanki

Kvika banki

29/06/2023 17:11

June 29 (Reuters) - Kvika Banki Hf  KVIKA.IC :
    * REG-KVIKA BANKI HF.: ANNOUNCEMENT ON DISCONTINUATION OF
MERGER
NEGOTIATIONS WITH ÍSLANDSBANKI HF.
    * AS A RESULT OF THAT WORK, KVIKA'S BOARD OF DIRECTORS IS OF
OPINION THAT A MERGER WOULD CREATE SIGNIFICANT VALUE
    * KVIKA'S BOARD OF DIRECTORS HAVE DECIDED TO DISCONTINUE
MERGER
NEGOTIATIONS
    * KVIKA'S BOARD HAS EXPRESSED ITS WILLINGNESS TO RESTART
NEGOTIATIONS IF CONDITIONS ARISE
    * DISCUSSIONS BETWEEN COMPANIES HAVE BEEN GOOD, THOUGH THEY
HAVE
NOT YET LED TO A MUNTUAL CONCLUSION ON EXCHANGE RATES

Source text for Eikon:  ID:nGNE7JgM0J 
Further company coverage:  KVIKA.IC 

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