Successful primary listing of Skeljungur hf. on the Nasdaq Iceland regulated market completed


In April 2015 Skeljungur hf. announced its plans to apply for listing on the Nasdaq Iceland stock exchange. The Company subsequently appointed Íslandsbanki’s Corporate Finance division as its Lead Manager in managing the listing process. The Bank‘s role included setting out and enforcing the listing timetable, providing advisory to the Company concerning regulatory and listing requirements, arranging a three-fold due diligence process, preparing a valuation of the Company for the Management, compiling and editing the Prospectus and acting as intermediary with the Financial Supervisory Authority – Iceland concerning the scrutiny process and the Nasdaq Iceland concerning the listing application. 
All shares in Skeljungur hf. were admitted to trading on 9 December 2016. 

About Skeljungur hf. 

Skeljungur is an Icelandic oil company whose main purpose is the import, storage, distribution and sale of oil and oil related products. Skeljungur is the parent company of several subsidiaries, most important of which is the Faroe Islands based P/F Magn. The Company operates in two geographical markets; Iceland and the Faroe Islands. The Company further has an expanding international business delivering oil to international vessels in the growing North Atlantic market.
Skeljungur has a long history and strong ties in the Icelandic economy and community. The Company is one of Iceland’s oldest operating companies, tracing its roots back to 1928 when H/F Shell in Iceland was established. Shell Petroleum Company (later Shell International) was a founding partner in H/F Shell in Iceland and remained a large shareholder for 75 years.



Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More