Markaðsfréttir
  Útgefendur
  Fréttaflokkar
  Leit
  Vefur Kauphallar
  English version
    
Fyrirtækjalisti > Nýjustu fréttir > Fréttir á ákveðnum degi > Fréttir frá tímabili
Prentvæn útgáfa
BUN
BURD
SKST
UA
Bunadarbanki sells its holdings in UA hf. and Skagstrendingur hf.   14.3.2002 11:40:36
Flokkur: Fyrirtækjafréttir      Íslenska  English

Bunadarbanki sells its holdings in UA hf and Skagstrendingur hf for shares in Eimskipafelag Islands hf (Eimskip hf).

 

 

·         Eimskip hf pays a 20% premium on market price for shares in UA hf and Skagstrendingur hf

·         The Bank has already sold a major part of the shares in Eimskip hf to investors

·         The Bank will handle a new share issue in Eimskip hf

 

Bunadarbanki Islands hf has sold its holdings in UA hf and Skagstrendingur hf, both fisheries companies, to Eimskipafelag Islands hf.  The share price for both companies is 7,2 or 20% over prevailing market price at the time of the transaction. As payment Bunadarbanki gets shares in Eimskip hf amounting to 1,7 b.ISK at the current market price.  The Bank has already sold a major part of that holding to investors.

 

The purchase by Eimskip in UA hf and Skagstrendingur hf. forms a part of a strategy by Eimskip hf to create a strong fisheries company that would constitute one of the three main pillars of Eimskip hf, i.e. in freight transport, fisheries and an investment company.  This is in line with a new vision formulated by Eimskip hf.

 

Pending shareholders meeting approval, other shareholders in UA hf. will be offered to exchange their shares in UA hf. for shares in Eimskip hf on the same terms as Bunadarbanki.  New shares will be issued by Eimskip hf to meet this need.

 

Bunadarbanki will serve as an advisor, handle registration of the new share issue and the exchange of shares.

 

 


Til baka