All conditions fulfilled in regards to the acquisition of shares in Klettur – sala og þjónusta ehf. and Klettagarðar 8-10 ehf.

It was announced on 7 October, that Skeljungur ehf., a wholly owned subsidiary of SKEL fjárfestingafélag hf., had on behalf of a holding company, entered into a purchase agreement on the acquisition of the company Klettur – sala og þjónusta ehf. Concurrently SKEL fjárfestingafélag hf. reached an agreement for the acquisition of all the shares in Klettagarðar 8-10 ehf.

The Competition Authority today confirmed that it would not take action on the above transactions and that all conditions contained in the purchase contract have been met.

Both parties believe that the transaction will be completed with payment of purchase price, and delivery of shares by mid-February.

For further information please contact Ásgeir Helgi Reykfjörð Gylfason, CEO, [email protected]