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PLAY has secured share subscription commitments in the amount of 4,000 million Icelandic Krona
Fly Play hf. (“PLAY” or the “Company”) has now secured share subscription commitments in the amount of ISK 1,400 million, in addition to the subscription commitments in the amount of approximately ISK 2,600 million, as previously announced. The condition for total commitments in the amount of ISK 4,000 million has therefore been fulfilled, and the commitments are now only subject to the approval from the Company's Annual General Meeting on 21 March 2024 to authorize an increase in the equity in the Company. The subscription price is ISK 4.5.
IS Haf Investments invests in the development of a 20,000 ton land-based salmon farm in Thorlákshöfn
IS Haf investments have signed an investment agreement to acquire a 53% share in Thor Landeldi ehf. The company plans to develop a 20,000-ton salmon farm in Thorlákshöfn. Among other investors in the project are Norwegian investors Frank Yri, Chief Commercial Officer of Seaborn, and Alex Vassbotten, Chairman of the Board of Seaborn, both of whom have considerable experience in the salmon farming industry.
Eyrir Invest hf. strengthens its position through an agreement with JNE Partners and The Baupost Group
Eyrir Invest hf and funds managed by JNE Partners LLP and The Baupost Group have signed an agreement whereby the funds will provide Eyrir with a €175 million four-year loan. Through the agreement, each lender has the right to acquire shares in Marel from Eyrir at the end of the loan period.
Takeover Offer to Shareholders of Heimavellir hf.
Fredensborg ICE ehf. offers shareholders of Heimavellir hf. to buy their shares in the company at a price of ISK 1.5 per share
Arctica Finance completes a successful bonds issuance for Hagar
Hagar concluded its bonds auction on September 30th, 2019.
An article published in the 100% fish publication series, covering increased inland processing of groundfish in Iceland
New 100% fish article published: As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Alvotech completes USD 300m convertible bond issue
Alvotech just announced that it has successfully raised USD 300 million through a private bond offering.
An article published in the 100% fish publication series, covering the Russian seafood modernization
New 100% fish article published: As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Aðaltorg completed financing of an airport hotel in Keflavik
Aðaltorg ehf. has secured financing for a 150 room Courtyard by Marriott airport hotel. Arctica Finance was the financial advisor to Aðaltorg in the transaction. The project will break ground today and be completed by fall 2019.
The First 100% Fish Article Published by Arctica Finance and The Iceland Ocean Cluster
As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Arctica Finance and The Iceland Ocean Cluster Partnership
Arctica Finance and The Iceland Ocean Cluster have formed a partnership to develop opportunities in the fishing industry. The initial focus will be on financing of projects related to fisheries, seafood byproducts and biotechnology, worldwide.
Jón Þór Sigurvinsson hired as Head of Corporate Finance at Arctica Finance
Jón Þór Sigurvinsson has been hired as Head of Corporate Finance at Arctica Finance. Up until now Stefán Þór Bjarnason has served as both Head of Corporate Finance and the company‘s CEO.
TFII acquires majority stake in Hreinsitækni
TFII, a new private equity fund managed by Icelandic Securities, has acquired majority of the shares in Hreinsitækni ehf.
FlyOver Iceland equity financing
Viad Corp., a listed international experiential service company, has acquired a majority stake in Esja Attractions.
Alopex Gold Completes Initial Public Offering
Alopex Gold Inc, the Greenland focused gold mining compay, has started trading on the Canadian TSX Venture Exchange in Toronto
Hagar hf. acquire all shares in Olíuverzlun Íslands hf. and DGV ehf.
Hagar hf. have signed an agreement to buy all shares in Olíuverzlun Íslands hf. (Olís) and the real estate company DGV ehf. Hagar‘s lead advisor in the transaction was Arctica Finance.