Icelandic lender Glitnir said Monday it would hold a shareholder meeting Oct. 11 to vote on the government's offer to purchase 75 percent of the company.

The Icelandic government moved to nationalize the firm last Tuesday with a $896 million cash injection to keep it afloat.

In a statement, Glitnir said it was "pleased to have the government as its new core shareholder." Glitnir, the third largest bank in the country, said its major shareholders had all agreed with the rescue effort.

"We have had very good dialogue with government officials ? and it is clear to me that there is general support to this agreement," the lender's Chairman of the Board Thorsteinn Mar Baldvinsson said in a statement.

"I welcome the announcement of the prime minister that all deposits placed by our customers will be backed, regardless of the amount placed," he said.