Two Merger Clearances Obtained in Phase I and Continued Involvement in Significant Transactions

We are proud to have advised Umbúðamiðlun ehf. on its acquisition of the business operations of 1990 ehf., a transaction that was recently cleared unconditionally by the Icelandic Competition Authority in Phase I.

This clearance adds to a series of exciting merger and M&A matters we have had the opportunity to work on in recent months. We also recently had the pleasure of advising Drangar on its acquisition of Brauð & Co., one of Iceland’s most recognized and strongest brands in the artisanal bakery market. Through this transaction, Drangar added a well-established and highly respected company to its portfolio, marking an important step in the group’s continued growth and development.