From Iceland — Government Starts Íslandsbanki Share Sale

The Ministry of Finance and Economic Affairs has decided to sell its entire holding in Íslandsbanki, a total of 45.2 percent of the bank's share capital. After that, the state will no longer own anything in Íslandsbanki, having been by far the bank's largest shareholder for years. This involves 850 million shares that will be auctioned, after the ministry activated an authorization to increase the volume due to high demand – especially domestica…

Multiple excess demand has been received in the auction of the state's shares in Íslandsbanki. At least 20% of the bank's shares are to be sold, but a statement from the Ministry of Finance states that bids have been received for multiples of that amount. The Minister of Finance has the authority to increase the auction volume if there is excess demand in the auction and states in the announcement that this authority may be used in light of this…

The Ministry of Finance and Economic Affairs and Íslandsbanki have announced an open presentation meeting regarding the ongoing share offering in Íslandsbanki. The meeting will begin at 16:30 and will be available to watch live in the player below.

From Iceland — Government Starts Íslandsbanki Share Sale

The Ministry of Finance and Economic Affairs has announced its third phase of Íslandsbanki’s share sale. The public is given priority in buying shares. On Thursday, May 8, Alþingi agreed on the sale unanimously. The sale started Tuesday, May 13 and ends on May 15. The priority phase includes 20% of the total shares available by the government, with a potential increase depending on the sale’s performance. The remaining shares will be offered to …