COPENHAGEN (Reuters) – Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming initial public offering (IPO), it said in a statement on Friday.
The government intends to sell up to 35% of state-owned Islandsbanki in a domestic listing this year.
The banks were selected from a group of 24 interested parties.
(Reporting by Nikolaj Skydsgaard; editing by Jason Neely)
