Tuesday, October 17, 2017
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Asian Investors Keen on Icelandic Bank

 

An investment group from Asia has expressed interest in buying the 95-percent share held by claimants of Glitnir Bank in Íslandsbanki.

According to Morgunblaðið, the estimated price is ISK 115 billion (USD 970 million, EUR 726 million).

After the 2008 banking collapse, the Icelandic government transferred domestic accounts from Glitnir to state-created lender Íslandsbanki.

ZR

Iceland Review

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