Bakkavör Group hf.
Sale of shares in Bakkavör Group
Bakkavör Group hf. / Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Board of Exista has today 10 October 2008 decided to sell all shares in Bakkavör Group hf, a total of 855,151,478 shares representing 39.629% of the total share capital, to ELL 182 ehf. The price is ISK 9.79 per share which is the last closing price of Bakkavör Group 8 October. Following the transaction, Exista and its affiliates do not own any shares in Bakkavör Group. The transaction is subject to creditors´ approval. The sale contributes to ensure stability in the Group's future operations and ownership. News Source: NASDAQ OMX 10.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bakkavör Group hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000000099 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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