The Financial Supervisory Authority (FME) has authorised Landskil ehf. to acquire a qualifying holding in NBI hf. on behalf of Landsbanki Islands hf. The authorisation is granted on the basis of a 15 December 2009 agreement between Landsbanki Islands hf. and the Icelandic Ministry of Finance stipulating, inter alia, that Landsbanki Íslands hf. could acquire an 18.7% holding in NBI hf., upon meeting specified conditions.
The Financial Supervisory Authority (FME) has granted ISB Holding ehf. permission to acquire a qualifying holding in Íslandsbanki on behalf of Glitnir Bank hf. The permission is granted on the basis of a 13 September 2009 agreement between Glitnir and the Icelandic Ministry of Finance, authorising Glitnir to acquire a 95% holding in Íslandsbanki upon meeting specified conditions.
The Financial Supervisory Authority (FME) has authorised Kaupskil ehf. to acquire a qualifying holding in Arion Bank hf. (Arion) on behalf of Kaupthing Bank hf. (Kaupthing). The permission is granted on the basis of a 3 September 2009 agreement between Kaupthing and the Icelandic Ministry of Finance, authorising Kaupthing to acquire an 87% holding in Arion upon meeting specified conditions.