Eimskip selects advisors to oversee preparations for the Company's public listing on NASDAQ OMX Iceland
- First day of trading anticipated in the last quarter of 2012
- Íslandsbanki and Straumur Investment Bank have been selected as advisors
Eimskip has engaged Íslandsbanki and Straumur Investment Bank to act as advisors for the proposed listing of the Company on the NASDAQ OMX Iceland. Prior to the proposed listing, investors, along with the general public will be given the opportunity to subscribe to shares in Eimskip. The main objective of the process is to ensure a diverse and strong shareholder base. Trading of the Company's shares is anticipated to start in the last quarter of 2012.
Gylfi Sigfússon, CEO Eimskipafélag Íslands:
With the signing of Íslandsbanki and Straumur Investment Bank as our primary advisors, we have taken the next step in preparing the Company for public listing. Despite a challenging operational environment in the transportation sector, the Company's results have been sound and in line with projections. We believe Eimskip's listing to be a highly positive event for the Company and its shareholders, in addition to making it an attractive option for new investors.
Birna Einarsdóttir, CEO of Íslandsbanki:
Historically, Íslandsbanki and Eimskip have enjoyed a fruitful and successful relationship. It is therefore a privilege to participate in the Company's public listing and future development.
Pétur Einarsson, CEO of Straumur Investment Bank:
Straumur is honored to participate in this important project. Eimskip is one of Iceland's most respected companies and its public listing will be a significant step in the re-establishment of the Icelandic stock market.
About Eimskipafélag Íslands hf.
Eimskipafélag Íslands, Iceland's oldest shipping company, was founded on January 17th, 1914. Founding partners totaled 14 thousand, which at the time represented close to 15% of the nation's population. Since its foundation, the Company has primarily focused on shipping transport to and from Iceland. Today, Eimskip offers complete international transportation services.
Eimskip currently operates in 17 countries, with 17 vessels and approximately 1,300 employees. The Company's primary goal is to offer premium service in its home market, the North-Atlantic, while simultaneously providing comprehensive reefer logistics worldwide.