Glitnir nationalized - Stodir files an application for moratorium
The Board of Directors of Stodir hf. (formerly FL Group hf.) has filed an application for moratorium process at the District Court of Reykjavík, following the nationalization of Glitnir bank, one of Stodir's core invesments.
The application will be taken before the court today and an authorisation for the moratorium granted and administrator appointed.