BRIEF-Islandsbanki Starts Merger Discussions With Skagi

Oct 6 (Reuters) – Islandsbanki hf: * BOD OF ISLANDSBANKI, SKAGI HAVE APPROVED INITIATION OF MERGER DISCUSSIONS BETWEEN TWO COS * SKAGI'S OPERATIONS TO BE MERGED WITH ISLANDSBANKI * SKAGI SHAREHOLDERS TO GET 323.9 MLN NEW SHARES IN ISLANDSBANKI IN EXCHANGE FOR SKAGI SHARES, CORRESPONDING TO AROUND 15% OF ISSUED SHARE CAPITAL IN MERGED ENTITY Source text for Workspace: Further company coverage: (Gdansk Newsroom)

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