Straumur-Burdaras, Iceland’s largest remaining listed bank, is considering shifting its stock exchange listing and legal domicile to London in a move to distance itself from Iceland’s financial crisis that led to nationalisation of the country’s three largest banks last autumn, said William Fall, its chief executive. One likely way would be through a reverse merger with a UK broker or shell company. Last October, Straumur purchased the name and some assets of Teathers, a UK brokerage owned by nationalised Icelandic rival Landsbanki. It is also considering listing in Sweden if a more appropriate partner emerges there.

This entry was posted by Gwen Robinson on Wednesday, January 28th, 2009 at 5:34 and is filed under Capital markets, People. Tagged with Straumur-Burdaras, Teathers. Edit this entry.