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The Competition Authority - Merger of Burðarás with Straumur and Landsbanki   28.9.2005 09:18:31
Flokkur: Fyrirtækjafréttir      Íslenska  English
Samkeppniseftirlitið sendi þann, 27

The Competition Authority has on, 27th September 2005, notified Straumur - Burðarás Investment Bank hf. and Landsbanki that it will not take any action due to the merger of the companies. All conditions for the division of Burðarás and merger with Straumur - Burðarás Investment Bank on the one hand and Landsbanki on the other hand have now been complied with. Registration of the merger and the relevant increase of shares in Straumur - Burðarás Investment Bank and Landsbanki will occur on Friday next and Burðarás will be de-registered that same day. Due to this it will not be possible to trade shares in the Icelandic Stock Exchange in Burðarás from Friday. Owners of shares in Burðarás at the end of Thursday 29th of September will receive shares in Landsbanki Íslands and Straumur - Burðarás Investment Bank in accordance with the Schedule for Division and Merger of the companies of 1st of August.


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