The Enterprise Investment Fund slhf. (FSÍ) has entrusted the Corporate Finance division of Straumur Investment Bank hf. to undertake the formal divestment procedure in the prospective sale of all the shares in Plastprent ehf., which is 100% in the ownership of FSÍ.
The procedure is open to any interested parties who can demonstrate an investment capacity in excess of ISK 250 million and who possess the knowledge and experience or qualify as professional investors under the Securities Transactions Act. However, the sellers have reserved the right to limit access to the procedure, e.g. in the event of legal restrictions on the acquisition of a controlling share in the company under competition rules.
A request is being made for binding offers with separately specified reservations to be submitted before 12:00 noon on Monday 21 May 2012 based on the documents that will be made available. The seller will select the most favourable offers at his discretion and the investors submitting those offers will be invited to participate in the second stage of the procedure. Interested investors are invited to access further information on the Straumur website, www.straumur.com. Straumur Bank’s Corporate Finance division can also be contacted by telephone, +354-585-6600, or by sending an e-mail message to email@example.com.
Plastprent ehf. was founded in 1957 and has since that time been a pioneer company in the manufacture of printed plastic packaging. The company currently has 75 employees and its activities include the manufacture of packaging film, laminated film, bags and sacks, printing services and recycling of raw material, in addition to product imports. The company’s headquarters are located in premises of 6,200 square meters at Fossháls in Reykjavík, and the company also has an establishment in Akureyri. Plastprent underwent financial restructuring in 2010 and 2011, which has now been fully completed.
For further information please contact Pétur Þ. Óskarsson at the Enterprise Investment Fund, tel. +354-863-6075.