Ásgeir Á. Ragnarsson

Practice area

Banking and Finance
Capital Markets
Commercial and Company Law
Mergers and Acquisitions.
Bankruptcy and Insolvency


Admitted in New York 1999
University of Miami, LL.M., 1998
Admitted in Iceland 1994
University of Copenhagen
University of Iceland Cand. jr., 1993

Icelandic English
Recent cases
Takeover bid of all shares, issued by Skeljungur hf.

BBA//Fjeldco gave advice to the structure and timing of the takeover bid, granted advice with regards to regulatory and competition matters, as well advising to the capital structure of Strengur hf. (Bidco). Furthermore BBA//Fjeldco held negotiations and covered documentation with financing parties.

Financing to Marel

BBA//Fjeldco acted as the Icelandic legal adviser to ABN AMRO, BNP  Paribas, Danske Bank, HSBC, ING Bank, RaboBank and UniCredit in relation to a  EUR 700 million sustainability-linked syndicated credit facility to Marel hf.

 Marel hf. (NASDAQ: MAREL; AEX: MAREL) is a leading global provider  of advanced food processing equipment, systems, software and services to the  poultry, meat and fish industries.

 Marel is by far the largest listed company in Iceland. This  financing gives Marel increased operational and strategic flexibility and  supports the company’s long term strategy. The margin incentive structure  linked to Marel performance relating to the environment, gender equality and  health and safety.

Legal adviser to Japan Bank for International Cooperation

BBA//Fjeldco provided legal advice to Japan Bank for International  Cooperation’s (JBIC) New Energy and Power Finance Department in relation to a  JBIC buyer’s credit to HS Orka (Icelandic Borrower). The credit was  guaranteed by Landsbankinn and the transaction valued at USD 10 million.

Legal adviser to Lucinity group

BBA//Fjeldco provided legal advice in connection with two funding  rounds of Lucinity Group ehf., a start-up company providing intelligent AML solutions,  whereas the company empowers its clients, ranging from digital only  microbanks to tier 1 US banks. The transaction valued at over USD 8 million.

Credit facility to Össur hf.

BBA//Fjeldco acted as the Icelandic legal adviser to the European  Investment Bank in relation to a EUR 69 million credit facility to Össur hf.,  a leading global provider of non-invasive orthopaedics equipment.

Legal adviser in relation to BREXIT and other financial regulatory matters

BBA//Fjeldco acted as Legal Adviser to Morgan Stanley, CitiBank,  Lloyds Banking Group, HSBC, RW Baird NASDAQ, Shanghai International Exchange  and others in relation to BREXIT and other financial regulatory matters.

Japan Bank for International Cooperation’s (JBIC)

BBA//Fjeldco advised Japan Bank for International Cooperation’s (JBIC) New Energy and Power Finance Department/ Infrastructure and Environment Finance Group in relation to a JBIC Buyer’s Credit of HS Orka.

Takeover of the Nordic travel group Travelco

BBA//Fjeldco advised Arion Bank (Iceland's largest bank listed in Reykjavik and Stockholm) in relation to its takeover of the Nordic travel group Travelco.


BBA//Fjeldco advised Barclays Bank, SEB, ING Belium, Arion Band and BNP Paripas in relation to a USD 150 million credit facility to Landsvirkun, the national power company of Iceland.

Arion Banki

BBA//Fjeldco was a legal adviser to Arion Bank hf. in relation to the refinancing of the Scandinavian travel and airline operator Primera Travel Group.

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