The sale of a stake in Landsbanki to Samson will take place in two stages. Following the completion of a purchase agreement – due on around November 20 – 33.3% of the shares in the bank now owned by the state will be delivered to Samson. The remaining 12.5% stake will change hands a year later, bringing the state’s stake in Landsbanki down from 48.3% to 2.5% by November 2003.
The total consideration will be IKr12.3
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