Sara Rut Sigurjónsdóttir

BBA//Fjeldco provided Arion Bank and DNB Bank ASA  legal advice in relation to providing a EUR 65 million term and revolving credit facilities to Arnarlax ehf. Arnarlax ehf. is one of the leading Icelandic fish farming company and owned by Icelandic Salmon AS listed on the Oslo stock exchange.

BBA//Fjeldco advised Icelandic State Financial Investments (ISFI) and Íslandsbanki hf. relation to the IPO, which is the largest IPO in history of Iceland and the largest European bank IPO since 2018.

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Prior to the IPO Íslandsbanki was wholly owned by ISFI, on behalf of the Treasury of Iceland. ISFI will hold 65% of the share capital of Íslandsbanki hf. following the offering, assuming full exercise of the overallotment option.

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The team was led by partner Einar Baldvin Árnason, partner Bjarney Anna Bjarnadóttir, senior associate Sara Rut Sigurjónsdóttir, associate Sigvaldi Fannar Jónsson and partner Kári Ólafsson.

 BBA//Fjeldco acted as the legal advisors for the merging entites, i.e. TM hf., Kvika banki hf. and Lykill fjármögnun hf. throughout the merger process, which covered all aspects of the deal, including but not limited to drafting of transaction documents, due diligence, competition matters, tax matters, regulatory issues in relation to the Financial Supervisory Authority and NASDAQ OMX Iceland. This is by far the largest and most high profile merger in Iceland in recent years,involving three different types of financial undertakings, an insurance company (TM hf.), a commercial bank (Kvika banki hf.) and a leasing company (Lykill fjármögnun hf.).

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BBA//Fjeldco advised Icelandair hf. in relation to the sale of Icelandair Hotels and related estates to Berjaya Corporation

BBA//Fjeldco acted as a legal advisor to Innergex Renewable Energy in the acquisition of Alterra Power Corp., that holds a majority stake in the Icelandic energy producer HS Orka hf. The transaction amounted to the value of USD 1.1 Billion.

BBA//Fjeldcoacted as legal adviser for Sjóklæðargerðin hf., owner of the Icelandic outwearbrand 66° North, in relation to a USD 30,000,000 investment by Mousse Partners,run by the Chanel family.

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BBA//Fjeldco acted as a legal advisor to the shareholders ofVínlandsleið ehf. in relation to acquisition by Reitir hf., Iceland's largestprovider of commercial property for rent, of all shares issues by Vínlandsleiðehf. The transaction was one of the largest M&A transactions in Iceland inthe year 2018 involving a commercial real estate property

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BBA//Fjeldco was a legal adviser to Glitnir hf. (formerly Glitnir bank hf.) in relation to the successful composition of Glitnir hf. The firm advised the Winding-up Board on all Icelandic law aspects of the winding-up proceedings of a value of EUR 16 billion.

BBA//Fjeldco was a general legal adviser in Iceland to Microsoft Denmark.

BBA//Fjeldco was a legal adviser to Þingvangur ehf., an Icelandic real estate development company on various projects around Iceland.

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