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Iceland to launch Islandsbanki IPO before end-June | Reuters

Iceland intends to launch the sale of at least 25% of shares in wholly state-owned Islandsbanki in an initial public offering (IPO) during the second quarter, state holding company ISFI said on Thursday.

Islandsbanki was one of the three banks that collapsed within a few days of each other in 2008, prompting a state takeover which resulted in restructuring existing banks and creating new ones. (Reporting by Jacob Gronholt-Pedersen; Editing by Jan Harvey)

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