*

Hitt og þetta 28. apríl 2006

Landsbanki Islands hf sells its stake in Carnegie

Nordic Business Report-April 28, 2006-Landsbanki Islands hf sells its stake in Carnegie
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Icelandic bank Landsbanki Islands hf said on Thursday (27 April) that it had sold its entire stake in Carnegie for some ISK21.8bn.

The sale represents 19.8% of the issued shares in Carnegie and Landsbanki would have no ownership interest in Carnegie following completion of the sale.

Landsbanki said that it would realise a capital gain of some ISK10bn from the sale.

One Icelandic krona (ISK) is worth approximately 0.008 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))