<p>Glitnir has also confirmed its intentions to acquire all remaining shares in the company.<br /><br />Glitnir will offer E8 per share, representing a market capitalization of E341 million. <br /><br />The acquisition is in line with FIM and Glitnir's current strategy to expand internationally. The transaction will provide Glitnir with a base in Finland and, together, the two companies will hold a total of E8.5 billion in assets under management in 46 different mutual and investment funds around the world. <br /><br />Combined, Glitnir and FIM will be the third largest broker, as ranked by market share of total trading turnover, in the aggregate Nordic equity market. <br /><br />The Icelandic bank currently has operations in Norway, the UK, Denmark, Sweden and Luxembourg, built up primarily through a series of acquisitions in 2004. <br /><br />The transaction is subject to regulatory approval.</p>
