The management team of Merrion Capital ("the company") confirms today that it reached an agreement to acquire all the shares held in the Company by Landsbanki Islands hf ("Landsbanki") for an undisclosed sum.
The deal is subject to the approval of the Irish Financial Regulator.
Merrion's CEO, John Conroy, said that the "hard work and professionalism of Merrion staff have created a very profitable and well capitalised business and this transaction will provide a strong impetus to bring the company to an even greater level of performance". He added "we had a very good professional working relationship with Landsbanki over the entire period of their investment".
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