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Arion Banki — M&A Activity 2021
Dec 31, 2021
2189_rns_2021-12-31_13af836a-2a2b-4d22-a559-2515e87e362b.pdf
M&A Activity
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Press Release
31 December 2021 12:59:00 GMT
Rapyd's agreement with Arion Bank to acquire Valitor extended until 1 May 2022
As stated in Arion Bank's announcement from 1 July 2021 regarding Rapyd's agreement with Arion Bank to acquire Valitor, the agreement is subject to the approval of The Icelandic Competition Authority. It was expected that the Competition Authority would finalize its review before year end 2021, but this will not be the case. Arion Bank and Rapyd have consequently extended their agreement until 1 May 2022.
For any further information please contact:
Theodór Friðbertsson, Head of Investor Relations at Arion Bank, [email protected], tel. +354 856 6760 or Haraldur Guðni Eiðsson, Head of Corporate Communications, [email protected], tel. +354 856 7108.
Attachments
Rapyd's agreement with Arion Bank to acquire Valitor extended until 1 May 2022
Arion banki hf.
Borgartúni 19, 105 Reykjavik — 444 7000 — arionbank.is — /arionbanki