22/09/2008 07:56:00

His Highness Sheikh Mohammed Bin Khalifa Al-Thani acquires 5% stake in Kaupthing Bank

Q Iceland Finance ehf., a wholly owned subsidiary of Q Iceland

Holding ehf., a company owned by His Highness Sheikh Mohammed Bin

Khalifa Al-Thani, has acquired a 5.01% stake in Kaupthing Bank hf. Q

Iceland Finance acquired 37.1 million existing shares at the price of

ISK 690 per share, thus becoming the third largest shareholder of

Kaupthing.

H.H. Sheikh Mohammed is a member of the royal family which has been

the governing family of Qatar since the nineteenth century.

H.H. Sheikh Mohammed:

"We have followed Kaupthing closely for some time and consider

this to be a good investment. Kaupthing's position is strong and we

believe in the bank's strategy and management team, as Kaupthing has

performed well in the current market turbulence and has proven it can

change and adapt to a new reality in banking. We view our stake in

Kaupthing as a long-term investment and look forward to a close

relationship with the bank in the future."

Sigurdur Einarsson, Chairman:

"We are delighted to welcome H.H. Sheikh Mohammed Bin Khalifa

Al-Thani as a shareholder of Kaupthing Bank. We are continually

focused on attracting new investors to the bank and we are happy to

see that our strategy of increasing the diversity of our shareholder

base has proven fruitful. We look forward to working with H.H. Sheikh

Mohammed in the future."

For further information please contact:

Jónas Sigurgeirsson, Chief Communications Officer, +354 444 6112 or

ir@kaupthing.com

Copyright © Hugin AS 2008. All rights reserved.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
26 May
 
Jeg har igennem lang tid brugt dette forum til at få gode ideer, selvfølgelig med forbehold for de f..
44
24 May
NOVO-B
Ved godt der er en lang Novo tråd lige nedenfor, men synes Elliot fortjener en selvstændig tråd som ..
26
26 May
GS
Kan se at DONG nu værdisættes til mellem 83 og 106 milliarder. Så nu kan vi beregne prisen på Corydo..
21
22 May
ZEAL
Hvorfor der sker et frasalg har jeg ingen klar ide omkring men der har været en fransk forbindelse s..
20
24 May
ZEAL
Jeg har nærlæst af briefing dokumentet igår aftes, og stiller mig noget undrende overfor nogle af de..
19
27 May
FING-B
Ja , de har delt aktien i 4, og du beholder 1/4 resten gået ubeskåret til De sultne i Afrika
18
26 May
FING-B
ADVARSEL:HUSK AT DEM DER HAR SAT SL i FPC og har købs ordre, at det kan blive udløst ved splittet SÅ..
17
25 May
FING-B
Rigtigt mægler - og helt ubegribeligt at derivatmarkedet med dets mange spekulationsformer er tillad..
17
25 May
ZEAL
Jeg tror at vi igår og idag har set to af de vigtigst produkter i fremtidens diabetes behandling bli..
14
22 May
BAVA
Du får ikke på puklen af mig, jeg er ligeglad.   Men nu siger jeg det igen, selv om jeg er ret sikke..
14

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Bavarian Nordic - Transactions in Connection with Share Buy-Back Program and Termination of Share Buy-Back Program
2
SAG GEST - SOLUÇÕES AUTOMÓVEL GLOBAIS, SGPS, SA announces about deliberations of the Annual Shareholders Meeting held on 27 May 2016
3
Camposol announces Final Settlement of Exchange Offer for its 9.875% Senior Notes due 2017.
4
G4S plc UK DK : Statement re Director's Details
5
KnC Group filing for bankruptcy not a risk for investors assets in XBT Provider

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
28 May 2016 06:51:27
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160526.3 - EUROWEB2 - 2016-05-28 07:51:27 - 2016-05-28 06:51:27 - 1000 - Website: OKAY