Icelandair Group hf.: Share Buy Agreement pertaining to

Icelandair Group has right now signed a share buy agreement with Nordic Visitor regarding the sale of 100% stake in Iceland Vacation with Alfa Framtak as Nordic Visitor’s money sponsor. The sale is matter to standard conditions these kinds of as approval from the Competitors Authorities. Delivery of shares will just take place when these problems have been fulfilled.

The business value of Iceland Travel amounts to ISK 1,400 million of which ISK 350 million are subject matter to sure general performance metrics in excess of the many years 2022 and 2023. The obtain cost will be adjusted in accordance to posture of web financial debt and internet performing capital at time of closing of the transaction. Recent internet personal debt of Iceland Vacation is negligible.

Iceland Vacation has been a primary vacation business, tour operator and location administration company in Iceland tracing its roots to 1937. Iceland Travel supplies expert services to agents and other organizations (B2B) and its service providing spans a broad vary of large-good quality services for vacationers from all over the planet, giving a whole vary of guided excursions, day excursions and street excursions. As earlier announced, the sale is component of Icelandair Group’s divestment of tourism operations and improved focus on aviation and related expert services.  

Nordic Visitor is a professional journey agency catering to persons specifically (B2C) from all above the environment.  Nordic Visitor presents a large variety of tour packages in Iceland, Scandinavia, and Scotland.

Íslandsbanki was advisor to Icelandair Group and Arctica Finance was advisor to Nordic Customer.

Get hold of data:

Investors: Iris Hulda Thorisdottir, Director Trader Relations. E-mail: [email protected]

Media: Asdis Petursdottir, Director Communications. E-mail: [email protected]