The Sale of Landsbanki Íslands hf.
November 27 2001
Sale of a Substantial Share in Landsbanki Íslands hf.
Presentation for Foreign Banks Regarding the Sale of a Substantial Share, at Least One Third of the Shares, in Landsbanki Íslands hf.
The deadline issued to core investors by HSBC, advisor to the Executive Committee on Privatisation regarding the privatisation of Landsbanki Íslands, for announcement of their interest in acquiring a substantial share in Landsbanki Íslands has now passed. The decision has been made to organise presentations for core investors who expressed their interest and provide them with an opportunity to acquaint themselves with the operation of Landsbanki Íslands hf.
Participants in the sale process requested anonymity, and the Committee has decided to grant this request, following consultation with HSBC. For this reason, no information will be supplied regarding the names of participants or their number.
Executive Committee on Privatisation