February 15, 2018 / 8:45 AM / 3 months ago

BRIEF-‍Arion Bank Agrees To Buy Back 9.5 pct Stake In Bank​

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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