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2009-01-16 15:10:23 CET 2009-01-16 15:11:22 CET REGULATED INFORMATION SPRON hf. - Company AnnouncementSale of a portion of SPRON's mortgage loans to the Housing Financing Fund in final stagesNegotiations with the Housing Financing Fund on the sale of a portion of SPRON's mortgage loans worth ISK 20 billion is in it's final stages. Loans to customers at the end of the third quarter in 2008 amounted to ISK 206.5 billion. The loans will be sold at book value and SPRON will receive 80% of the sale price immediately but 20% will be paid later. The purpose of the sale is to strengthen the Group's liquidity and the sale will have no effect on the Group's equity. The loans in question are domestic morgtage loans and the sale of the loans will have no effect on debtors as SPRON will continue the administration of the loans. For further information please contact Gudmundur Hauksson CEO, tel: +354 550 1213 |
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