Asian Investors Interested In Icelandic Bank - The Reykjavik Grapevine

Asian Investors Interested In Icelandic Bank

Published August 8, 2013

A group of Asian investors, among them some Chinese financiers, has shown interest in buying 95% of shares in bank Íslandsbanki.

The price of the shares could add up to 115 billion ISK, according to mbl.is. And it is believed that the investors have not required a “discount” on the amount of currency that they would bring to the country, if they were to go ahead with the buy.

According to Morgunblaðið, the Prime Minister and Minister of Economy and Finance have already been notified about the investors’ interest. The winding-up board of bankrupt Glitnir Bank now awaits the government’s reactions to whether such a sale could possibly be part of the bankrupt estate’s composition.

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