Arion Bank enters exclusive talks to sell Blikastaðaland to fund managed by Íslensk verðbréf

Bitget2026/10/30 09:33

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Arion Bank entered exclusive talks with Íslensk verðbréf for a planned fund to acquire subsidiary Landey’s entire Blikastaðaland stake.
The price under discussion is ISK 14-16 billion for Blikastaðaland, which owns and is developing a site in Mosfellsbær.
The parties target signing a purchase agreement by year-end 2026, with completion expected in the first quarter of 2027.
Klasi is working with Íslensk verðbréf on the acquisition, with roles envisaged as project developer and anchor investor in the fund.
Blikastaðaland’s nine-month carrying value was approximately ISK 7.6 billion; uncertainty over offer conditions has prevented a decision on revising it.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arion banki hf. published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.

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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Arion Bank enters exclusive talks to sell Blikastaðaland to fund managed by Íslensk verðbréf

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