Íslandsbanki has signed a purchase agreement for all the bank´s shares in HTO ehf.
07.02.2014Íslandsbanki has sold all its shares in HTO ehf. to Fast-1 slhf. An open sale process on HTO’s shares (formerly Höfðatorg ehf.) began on June 20th. On September 20th it was announced that the offer from Fast-1 slhf. was accepted. The purchase price is confidential.
HTO ehf. owns and operates assets in Höfðatorg Borgartún 12-14 and Katrínartún 2. The total size of the company's assets is about 57 thousand square meters including parking garages. The finalization of the acquisition is subject to approval by the competition authorities.