Austri Þorsteinsson

BBA//Fjeldco recently advised Styrkás hf. on its agreement to acquire all of the share capital of Icelandic asphalt producer and paving contractor Malbiksstöðin ehf., together with the company's land plots at Esjumelar.  Part of the consideration will be paid in newly issued shares in Styrkás.. m. The acquisition creates a fifth core business line for Styrkás, adding capacity to build and maintain transport infrastructure. It also comes as the group prepares to list on the Nasdaq Iceland Main Market, targeted for Q2 2027. Completion remains subject to customary conditions, including approval by the Icelandic Competition Authority. .

The BBA//Fjeldco team consisted of Halldór Karl Halldórsson, Stefán Björn Stefánsson, Austri Þorsteinsson, Brynjar Freyr Garðarsson, Elínborg Jónsdóttir, Karolina Maria Krawczuk, Stefnir Guðmundsson and Arnar Heimir Lárusson.

We wish to congratulate Styrkás on this milestone, and thank everyone involved for the cooperation on this successful acquisition.

BBA//Fjeldco provided legal advice to Langisjór with regards to Langisjór´s acquisition of Freyja, including legal and tax due diligence, negotiating and drafting the share purchase agreement.

The family business Freyja, established in 1918, is the oldest candy production company in Iceland. Freyja produces and markets countless of well-known brands both for the Icelandic market and for export, where the sweets from Freyja are in constant demand. Langisjór is the parent company of various companies in the food productions and distribution sector including Mata hf., Matfugl ehf., Síld og fiskur ehf., the investment company Brimgarðar ehf. and Alma íbúðafélag hf.,one of Iceland's  largest real estate company.

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