An open sales process of Íslandsbanki’s holding in Borgun


The Íslandsbanki Board of Directors has decided to initiate a formal sales process of the Bank’s holding in Borgun. The process will be open and transparent. Consultancy firm Corestar Partners and Íslandsbanki Corporate Finance have been entrusted to act as the Bank’s advisors. 

The sale process

The sale process will be open to all interested investors that satisfy the financial strength conditions and can demonstrate that they have the experience and expertise required for participation.

Interested investors are invited to contact the Bank’s advisors. Interested investors must sign a confidentiality statement, and must submit the documents and information necessary to satisfy the requirements for the sale process, in consultation with the advisors. However, the seller reserves the right to restrict access to the sales process; e.g., in cases where there are regulatory restrictions (due to competition rules, for instance) on an investor’s eligibility to acquire a controlling stake in the company. Furthermore, it should be noted that the Financial Supervisory Authority must approve the investor’s acquisition of a qualifying holding in a company in the acquiring and card issuance sector in Iceland.

Further information on the sales process can be obtained from Íslandsbanki Corporate Finance (, or Corestar Partners (

For further information can be obtained from:

Media Relations – Edda Hermannsdottir, and tel: +354 844 4005

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