Reykjavik (IFN) Icelandic investment company FL Group has increased its stake in Glitnir Bank to 24.4% from 23%, the company confirmed in a statement to the Icelandic Stock Exchange on Thursday
FL Group said it has acquired 202 million shares in Glitnir at a price per share of ISK17.7 from investment house Baugur Group.
After the transaction, FL Group holds 3.48 billion shares in Glitnir, corresponding to 24.4% of the share capital.
FL Group earlier this week acquired as 26% stake in Reykjavik-listed investment bank Straumur-Burdaras, as well as upping its stake in Danish brewer Royal Unibrew to just over 20%.
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