AU 22 ehf. made a voluntry offer to acquire remaining 70.71% stake in Origo hf. on January 19, 2023. Prior to this transaction, AU 22 owned 41,010,308 shares in Origo corresponding to 29.29% stake. The transaction has been approved by the Iceland competition authority. The offer period expired on February 22, 2023. Arion Bank Corporate Finance was the manager of the voluntary offer on behalf of AU 22 and LEX provided legal advice to AU 22 in the offer process.

AU 22 ehf. completed the acquisition of additional 33.71% stake in Origo hf. on February 22, 2023. Following closing of the offer, AU 22 owns 88,204,256 shares corresponding to 63% stake in Origo.