Arion Bank advances Blikastaðaland sale; bids value deal at ISK 14 billion-16 billion
Bitget2026/09/25 15:39- Arion Bank has moved Blikastaðaland into a second-round sale process following initial bids valuing the business at ISK 14-16 billion.
- Indicative terms call for about two-thirds of the price in cash at closing, with the remainder paid in later stages.
- Bids remain conditional, with no binding commitment and no certainty the process will result in a transaction.
- Second phase is targeted for completion before year-end, subject to external factors.
- Blikastaðaland was carried at about ISK 7.5 billion in the first-half interim financial statements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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