Kaupthing Bank hf. and SPRON, two of Iceland’s biggest banks, have decided to enter negotiations on a possible merger between the companies. Negotiations are expected to be completed in approximately four weeks.
Any merger of the companies is subject to the approval of a SPRON shareholders’ meeting, the Board of Directors of Kaupthing, the Icelandic Financial Supervisory Authority, the Icelandic Competition Authority and the companies’ creditors.
For further information visit www.kaupthing.com or www.spron.is/english