16 March 2007 – Based on to the
agreements entered into between Glitnir banki hf.
and the 11 main shareholders of FIM Group Corporation on 5 February 2007, Glitnir banki hf. today
aquired 68.1 percent of the shares in FIM Group Corporation in Finland on terms
announced on February 5th 2007. Glitnir plans
to launch a tender offer for the remaining shares in FIM Group in early April.
– We are very pleased that this
transaction is completed and we are moving forward
as planned with remaining aspects of the acquisition. We anticipate to
submit the tender offer before Easter after the
offer documents have been completed and approved by the
relevant authorities, comments Bjarni Ármannsson, CEO of Glitnir.
FIM held its Annual General Meeting of shareholders in Helsinki Thursday
March 15. According to resolution on the Annual General Meeting Bjarni Ármannsson, Frank Ove Reite, Sverrir
Örn Thorvaldsson, Niklas Geust and Vesa Honkanen will be the members
of FIM’s Board of Directors starting from the
transfer of the ownership.
For further information, please
Bjørn Richard Johansen, Managing Director, Corporate Communications,
Glitnir, mobile +47-47 800 100,
Vala Pálsdóttir, Head of Investor Relations, mobile: +354 844
4989, e-mail: firstname.lastname@example.org
For more information: www.glitnirbank.com and www.fim.com
Press release from 05.02.2007,
“Glitnir acquires majority
in the listed FIM Group in Finland”: http://www.glitnir.is/English/AboutGlitnir/News/?ItemId=967