Hitt og þetta 29. júní 2006

(IFN) FL Group lifts stake in Glitnir Bank to 24,4%

Reykjavik (IFN) Icelandic investment company FL Group has increased its stake in Glitnir Bank to 24.4% from 23%, the company confirmed in a statement to the Icelandic Stock Exchange on Thursday

FL Group said it has acquired 202 million shares in Glitnir at a price per share of ISK17.7 from investment house Baugur Group.

After the transaction, FL Group holds 3.48 billion shares in Glitnir, corresponding to 24.4% of the share capital.

FL Group earlier this week acquired as 26% stake in Reykjavik-listed investment bank Straumur-Burdaras, as well as upping its stake in Danish brewer Royal Unibrew to just over 20%.


Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.