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Sale process of shares in Landsbankinn hf

With a notice published on 20th of January this year Icelandic State Financial Investment (ISFI) solicited expressions of interest from relevant parties in serving as equity capital market (ECM) advisors in relation to potential sale of holdings in Landsbankinn hf. ISFI has over the past months carefully reviewed the 17 submissions it received.

Since ISFI commenced this process there have been changes in circumstances. Parliamentary elections have been proposed this autumn instead of next spring. It is therefore evident that the sale process will not be in accordance with ISFI´s initial plans and ISFI will therefore review it in consultation with authorities and the parliament.

As a result ISFI considers it appropriate to postpone any decision on appointment of ECM advisors for an unspecified time regarding the potential sale process of holdings in Landsbankinn hf. If the parties that submitted expressions of interest would like further information about the process, then ISFI is available to meet with them.