Kaupthing Bank hf. has reached an
agreement with Eikarhald ehf. on the sale of all the
share capital of Eik fasteignafélag
hf. The transaction will be completed on 4 April 2007
when the payment and delivery of the shares to the new owners is executed. The
purchase price will be paid in cash.
is owned by Baugur Group hf. (22.7%), FL Group hf. (49%), Fjárfestingafélagid Primus ehf.
(10.15%) and Saxbygg ehf. (18.15%).
Kaupthing Bank will generate a profit of approximately ISK 4
billion on this transaction, which will be booked in the second quarter of 2007.
2006 Eik fasteignafélag hf. had a turnover of ISK 1,181 million and reported a
pre-tax profit of ISK 582 million. Total assets as of 31 December 2006 amounted
to ISK 14,600 million and total liabilities as of 31 December 2006 amounted to
ISK 12,475 million. The company employs eight people.
Investment Banking division of Kaupthing Bank was the
advisor on the sale.
further information please contact:
Jónas Sigurgeirsson, Chief
Communications Officer at Kaupthing Bank on +354 444 6112, and Jóhann
Pétur Reyndal, Managing
Director of Kaupthing Bank – Investment Banking on
+354 444 6815.