Ingvar Helgason and B&L offered for sale

01.09.2011
  • Íslandsbanki's Corporate Finance has been mandated to manage a formal and open process for the sale of up to 100% equity share in BLIH ehf., the holding company of Ingvar Helgason ehf. and Bifreiðar og landbúnaðarvélar ehf.
  • The sales process is open to all investors that fulfil the predefined criteria

Íslandsbanki's Corporate Finance (ISB CF) has been mandated to manage a formal and open process for the sale of up to 100% equity share in Eignarhaldsfélagið BLIH ehf, the holding company of Ingvar Helgason ehf. (IH) and Bifreiðar og landbúnaðarvélar ehf. (B&L). Together, IH and B&L are among the largest auto dealerships in Iceland, representing nine well known brands.

The sales process is open to every investor that can be defined as a professional client according to the Act on Securities Transactions No. 108/2007 or has sufficient knowledge and experience, and an investment capacity exceeding ISK 500 million. The seller reserves the right to limit the access to the sales process, e.g. when legal limitations prevent the investor from owning a controlling stake in the company due to competition rules.

Interested investors can contact ISB CF by phone +354 440 4000, or by email blih2011@islandsbanki.is. Interested investors will need to sign a non-disclosure agreement and provide information that confirms the fulfillment of the above conditions. Subsequently, investors will receive further information regarding the sales process, timeline and the operations of the company.

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