Feb 15 (Reuters) - ARION BANKI HF:
* HAS AGREED TO A BUYBACK OF 9.5 PCT OF ISSUED SHARE CAPITAL IN ARION BANK FROM KAUPSKIL EHF, A SUBSIDIARY OF KAUPTHING EHF .
* TOTAL PURCHASING PRICE IS ISK 17.1 BILLION ($171 million) Further company coverage: ($1 = 100.1000 Icelandic Crowns) (Copenhagen newsroom)
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