Glitnir Bank and the 11 main shareholders of FIM Group Corporation entered into the acquisition agreement on February 5, 2007 and are complying with the terms outlined on that day.
The Icelandic bank has also confirmed that it plans to launch a tender offer for the remaining shares in the Finnish group.
We are very pleased that this transaction is completed and we are moving forward as planned with remaining aspects of the acquisition. We anticipate to submit the tender offer before Easter after the offer documents have been completed and approved by the relevant authorities, commented Bjarni Armannsson, CEO of Glitnir.
