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Arion Bank engages Citi on potential divestment of shares in Valitor

Nov 15, 2018 - Marketline Newswire

Arion Bank has engaged Citi to advise on a potential change of ownership in Arion Bank's subsidiary Valitor, which could include the divestment of all the shares or the majority of the shares in the Company.

A further announcement is expected within the next 6-12 months. Valitor offers diverse solutions in payment services in Europe and has offices in Iceland, Denmark and the United Kingdom.