Arion Bank has engaged Citigroup Global Markets Limited (“Citi”) on a potential divestment of shares in Valitor

Arion Bank has engaged Citi to advise on a potential change of ownership in Arion Bank’s subsidiary Valitor (the “Company”), 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.