15 May 2009 Straumur Burdaras Investment bank hf. (Straumur) has agreed to sell all of its shares in eQ Bank (eQ) in Finland for just over €37 million. The buyer, Nordnet AB, is a Stockholm exchange listed asset management firm. The transaction is conditional upon the permission of the Swedish and the Finnish Financial Supervisory Authorities. The transaction takes place after two month sales process, where the intention was to maximize value received for eQ. Strong importance was put on carrying out an appropriate and transparent sales process and the highest offer was accepted. HLP Corporate Finance, a Finish advisory firm, supervised the sales process on behalf of Straumur and Roschier acted as Legal Advisors. For further information contact; Georg Andersen Head of Corporate Communications Tel: +354 585 6707 georg@straumur.com
Straumur sells eQ Bank in Finland to Nordnet Bank AB.
| Quelle: Straumur-Burðarás Fjárfestingabanki hf.