From Iceland — Íslandsbanki Request Merger With Kvika

The board of directors of Íslandsbanki has requested that the board of directors of Kvika banki initiate merger negotiations between the two companies. The board of directors of Arion banki requested yesterday that the board of directors of Kvika initiate merger negotiations between Arion and Kvika. Hörður Ægisson, editor of Innherji, will cover the matter live on the evening news on Stöðvar 2.

From Iceland — Íslandsbanki Request Merger With Kvika

On May 27, Íslandsbanki requested a merger with Kvika bank, RÚV reports. Arion bank has also sent a similar request to Kvika, which confirmed this in an announcement at the stock exchange.  In the announcement, Kvika’s board is said to review the request to decide future steps.  According to Íslandsbanki, the merger could create multiple opportunities for the united bank, its investors, clients and the financial system. Since Íslandsbanki’s publ…

Íslandsbanki today requested merger talks with Kvika Bank. In a Stock Exchange announcement from Kvika, it is stated that the Chairman and CEO of Kvika Bank hf. has today received a letter from Íslandsbanki hf. requesting merger talks between the two companies. It also states that Kvika's board of directors will discuss the matter and decide on the bank's next steps. Yesterday, Arion Bank also requested merger talks with Kvika. In Arion Bank's a…