Titan Investments and Samherji lead a group of new investors in MP bank

February 11, 2011 15:07

Titan Investments ehf. and Samherji hf. lead a a group of new investors in MP Bank´s new share offering of 5 billion ISK, reports www.megafishnet.com with reference to MP Bank.

The board of MP bank and the new investors have signed an agreement to that effect subject to further due diligence, approval of the Icelandic Financial Supervisory Authority and approval of MP Bank´s shareholder meeting. The process is estimated to take no more than 4 weeks.

On behalf of MP Bank hf.
Ragnar Porir Guthgeirsson, chairman of the board

On behalf of Titan Investments ehf.
Skúli Mogensen

On behalf of Samherji hf.
Þorsteinn Már Baldvinsson

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