His Highness Sheikh Mohammed Bin Khalifa Al-Thani acquires 5% stake in Kaupthing Bank
(PRWEB) September 22, 2008 -- 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 (http://www.kaupthing.com) 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."
About Kaupthing Bank
Kaupthing Bank is a Northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.
The Bank operates in all of the Nordic countries (Denmark, Finland, Iceland, Norway and Sweden) and in 7 other countries in Europe (the UK, Luxembourg, Belgium, Switzerland, Austria, Germany and the Isle of Man), as well as the US, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). In Denmark, Kaupthing Bank operates under the name FIH Erhvervsbank.
www.kaupthing.com
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