Announcement from Landsbanki Islands hf.
The Winding-up Board of Landsbanki Islands hf. announces the completion of the sale of the entire shareholdings held by Landsbanki in Corporal, the holding company of Hamleys, to Groupe Ludendo. The WuB‘s decision is supported among other things by a fairness opinion from Bank of America Merrill Lynch on the price and conditions of the sale.
The Winding-up Board of Landsbanki Islands hf. believes that the transaction achieves Landsbanki‘s objective of maximising the proceeds from the sale of its shares in Hamleys and delivering the best possible returns for the bank‘s creditors.