The rise in the price of ISB shares due to large buybacks was "not a failure of assumptions"

When the main terms of the merger of Íslandsbanki and Skagi were negotiated in October, including by fixing the consideration to Skagi shareholders in a specified number of shares, it was assumed that the bank would continue buying its own shares, which had "an inevitable upward effect" on the share price, according to the chairman of Skagi. He says it was "a major disappointment" when Íslandsbank