IFLR1000

N1 IKr40 billion acquisition of Festi

1/8/2018
Private acquisition
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IKr 40 billion

$ 319.132 million

Announced

1/8/2018

Overview:

  • Fuel wholesaler N1 has agreed to acquire grocery and electronic retailer Festi for IKr40 billion.

Jurisdiction:

Iceland

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:
Advel

Party: N1 (Acquirer)

BBA // Fjeldco

Party: Stefnir Asset Management (Seller)

Lawyer: Einar Baldvin Árnason

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