Iceland takes step to curbing state ownership of banks after 2008 collapse
The government will sell at least 25 percent of Islandsbanki shares in an IPO by next month, it said.
May 27, 2021
COPENHAGEN — Iceland intends to launch an initial public offering of Islandsbanki by next month, in a first step to curbing the state’s ownership of the banking sector well over a decade after it imploded during the 2008 financial crisis.
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