Brief: Kvika Banki Signs Letter Of Intent For Purchase Of Netgíró

Kvika banki

16/07/2020 13:42

July 16 (Reuters) - Kvika banki hf  KVIKA.IC :
    * REG-KVIKA BANKI HF.: LETTER OF INTENT FOR THE PURCHASE OF
NETGÍRÓ HF.
    * KVIKA HAS SIGNED A LETTER OF INTENT FOR PURCHASE OF 80%
SHARE IN
NETGÍRÓ
    * BANK CURRENTLY OWNS AROUND 20% SHARE IN COMPANY AND WILL
THEREFORE, IF PURCHASE GOES THROUGH, BECOME SOLE OWNER OF
COMPANY
    * IT IS ESTIMATED THAT A PURCHASE AGREEMENT WILL BE SIGNED
WITHIN
THREE MONTHS
    * PURCHASE WILL NOT AFFECT BANK'S EARNINGS FORECAST FOR YEAR
BUT
IT IS AIM THAT PURCHASE WILL HAVE POSITIVE LONG TERM EFFECTS

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

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