Brief: Kvika Banki: TM Tryggingar Sells Entire Stake In Stoðir

Kvika banki

26/05/2021 07:49

May 26 (Reuters) - Kvika banki hf  KVIKA.IC :
    * SAYS UNIT TM TRYGGINGAR HF. HAS SOLD ALL ITS SHARES IN
INVESTMENT COMPANY STOÐIR HF.
    * NUMBER OF SHARES AMOUNT TO ISK 1,569.7 MILLION WHICH
EQUALS TO
11.6% OF TOTAL SHARES IN STOÐIR
    * CONSIDERATION IS PAID IN CASH ONLY AND WILL HAVE A
POSITIVE
IMPACT ON TM'S NET INCOME OF JUST OVER ISK 200 MILLION IN Q2

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8bZ6S8
    
 Further company coverage:  KVIKA.IC  
   


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