Fossar hired as member of the Syndicate for Íslandsbanki’s IPO


The Icelandic State Financial Investments (ISFI) has hired Fossar Markets, together with eight other parties, as a member of the syndicate in relation to ISFI’s potential sale and distribution of shares in Íslandsbanki hf. and listing in the Nasdaq OMX Iceland Stock Exchange by mid-2021.

Fossar, together with the other parties, were selected from a group of 24 parties who submitted expression of interest. ISFI does not anticipate further hiring in this respect.

ISFI had previously hired STJ Advisors Group as an independent financial advisor, Citigroup, J.P. Morgan and the Corporate Finance and securities sales division of Íslandsbanki as its Joint Global Co-ordinators and BBA Fjeldco and White & Case as Joint legal advisors.