Brief: Islandsbanki Starts Merger Discussions With Skagi

Skagi hf

06/10/2025 07:49

Oct 6 (Reuters) - Islandsbanki hf ISB.IC:

BOD OF ISLANDSBANKI, SKAGI HAVE APPROVED INITIATION OF MERGER DISCUSSIONS BETWEEN TWO COS

SKAGI'S OPERATIONS TO BE MERGED WITH ISLANDSBANKI

SKAGI SHAREHOLDERS TO GET 323.9 MLN NEW SHARES IN ISLANDSBANKI IN EXCHANGE FOR SKAGI SHARES, CORRESPONDING TO AROUND 15% OF ISSUED SHARE CAPITAL IN MERGED ENTITY

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