Open Sales Process of Bluebird Cargo ehf.

27.02.2012
PwC has been appointed to act as an advisor in the formal sales process of a 100% share in Bluebird Cargo efh., owned by SPW ehf., a subsidiary of Miðengi ehf. Based in Iceland, the airliner specialises in freight cargo and provides ACMI (wet-leases) to forwarding agents around the world – especially in Europe.

The sales process is open to all qualified investors that meet the requirements stated in Act No. 108/2007 on Securities Transactions. Additionally investors must have recognised knowledge and experience to manage the international and specialised operations of Bluebird Cargo ehf. Investors are also required to have a proven net equity value in excess of ISK 500 million.

Interested parties are advised to contact PwC via telephone nr. +354 550 5300 or by email to halldor.thorkelsson@is.pwc.com or julius.fjeldsted@pwc.com. All interested parties will be required to fill out a Confidentiality Agreement along with necessary proof of information that the investor meets the above mentioned criteria. Investors will be provided further information on the key dates and terms regarding the sales process. Additionally, investors will receive information on Bluebird’s operations and financial status.

The seller (SPW ehf.) reserves the right to decline all offers, make changes to the sales process and/or to halt the process. All participants will be notified of such a decision along with an adequate explanation.

Further information will be provided by:

Halldór Þorkelsson, mobile +354 840 5229
halldor.thorkelsson@is.pwc.com
Júlíus Fjeldsted, mobile +354 840 5212
Julius.fjeldsted@pwc.com

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