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Hitt og þetta 13. september 2006

(IFN) Iceland?s Glitnir eyes Oslo-listing ? CEO

Reykjavik (IFN) Icelandic bank Glitnir is considering a secondary listing on the Oslo stock exchange in Norway, Chief Executive Officer Bjarni Armannson told investors at the firm's capital market day.

Glitnir Chief Executive Armannsson said the bank hasn't yet engaged any investment banks for a listing but has begun "exploring the opportunity."

A secondary listing in Oslo would boost the liquidity of Glitnir shares, he said.

Created in 2000 under the name Islandsbanki-FBA after the merger of two leading Icelandic banks, the bank has since 1993 been a heavyweight on the Iceland Stock Exchange.

It rebranded itself as Glitnir Banki in March.

The bank has previously looked into the possibility of a secondary listing in the Norwegian market, when it bought BN Bank in Norway last year, but is now "revisiting" the idea, Armannsson said. He added, however, that no such move should be expected within the next few months.

(END)

Source: Dow Jones Newswires

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.

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