February 15, 2018 / 10:24 AM / 3 months ago

BRIEF-Kaupthing Buys 13 Pct Stake In Arion Bank From State For 23.4 Bln - Iceland State Body

Feb 15 (Reuters) - ICELANDIC STATE FINANCIAL INVESTMENTS, THE ICELANDIC STATE’S HOLDING COMPANY, SAYS:

* KAUPSKIL, A UNIT OF KAUPTHING AND THE MAJORITY OWNER OF ARION BANK, HAS DECIDED TO USE ITS PURCHASING OPTION TO BUY A 13 PERCENT STAKE IN ARION BANK OWNED BY THE STATE FOR 23.4 BILLION ICELANDIC CROWNS ($233.88 MILLION) FURTHER COMPANY COVERAGE: ($1 = 100.0500 ICELANDIC CROWNS) (Reporting by Elias Thorsson and Jacob Gronholt-Pedersen)

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