Greiðslumiðlun Íslands News: Open Sale Initiated by Landsbankinn
Deal News | Nov 14, 2024 | Landsbankinn HF
Landsbankinn, a prominent financial institution, has announced the commencement of an open sale process for its asset, Greiðslumiðlun Íslands ehf (GM), a company that specializes in payment solutions, collection, claim management, and loan administration. GM, with its origins dating back to 1980 and the establishment of Lgheimtan, has evolved into a versatile player in financial solutions with brands such as Motus, Lgheimtan, Pacta, and Pei under its umbrella. The sale aligns with Landsbankinn's asset sale policy and invites interested investors who meet the necessary financial criteria to participate. The open sale process is being handled by Landsbankinn Corporate Finance and ARMA Advisory, who have called for expressions of interest via email. This move seemingly represents a strategic reshuffling of assets that will provide opportunities for eligible investors in the financial sector.
Sectors
- Financial Services
- Advisory Services
Geography
- Iceland – Greiðslumiðlun Íslands and Landsbankinn are Icelandic entities, making Iceland the geographic focus of the article.
Industry
- Financial Services – The article is about the sale of Greiðslumiðlun Íslands, which operates in the financial services industry by providing payment, collection, and loan administration solutions.
- Advisory Services – The involvement of Landsbankinn Corporate Finance and ARMA Advisory indicates the participation of advisory services within the transaction process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greiðslumiðlun Íslands ehf | Target company | Company | A company that specializes in payment solutions, collection, claim management, and loan administration. |
| Landsbankinn hf | Selling Company | Company | An Icelandic bank initiating the open sale process of Greiðslumiðlun Íslands ehf. |
| Landsbankinn Corporate Finance | Corporate Finance Advisor | Company | Advising on the sale process of Greiðslumiðlun Íslands. |
| ARMA Advisory | Corporate Finance Advisor | Company | Advising on the sale process of Greiðslumiðlun Íslands. |