Salt Pay completed the acquisition of a 95.9% stake in Borgun for $32m.

Synopsis

Salt Pay, a financial services company, completed the acquisition of a 95.9% stake in Borgun, a bank in Iceland, for $32m. Íslandsbanki has today sold 63.5% of its holding as part of the deal.

Principals

target

BORGUN

bidder

Salt Pay Co

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Vendor Team (3)

milan bartik

Managing Partner at Corestar

Financial Advisor

vendor

Deals

£ 24 M

Total Value

ellert hlodversason

Managing Director at Corestar

Financial Advisor

vendor

Deal

£ 24 M

Total Value

clemens hisch

Partner at Corestar

Financial Advisor

vendor

Deals

£ 24 M

Total Value

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