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Íslandsbanki plays key role in sale of Míla

The sale of Míla to Arian France SA for ISK 69.5bn is one of the largest foreign investments in Iceland in recent years. Íslandsbanki provided comprehensive services in connection with the sale and played a key role in executing all major phases of the sale process. 

During the sale, Síminn was advised by Íslandsbanki’s Corporate Finance department, and Corporate Banking led the financing for the transaction, in cooperation with the Iceland Funds Corporate Lending Fund. Íslandsbanki’s Securities Brokerage department handled bond issuance, and the Currency Brokerage department handled all foreign currency transactions in connection with the sale. 

Íslandsbanki is a leader in investment banking in Iceland, and the sale of Míla clearly demonstrates the Bank’s capacity to bring the largest projects in the market to a successful conclusion.