Icelandair Group hf.: Share Obtain Agreement relating to

Icelandair Team has now signed a share buy agreement with Nordic Customer concerning the sale of 100% stake in Iceland Vacation with Alfa Framtak as Nordic Visitor’s fiscal sponsor. The sale is issue to common disorders this kind of as acceptance from the Opposition Authorities. Delivery of shares will take location when these conditions have been fulfilled.

The organization price of Iceland Vacation amounts to ISK 1,400 million of which ISK 350 million are topic to certain overall performance metrics around the several years 2022 and 2023. The invest in cost will be modified in accordance to place of internet credit card debt and internet operating cash at time of closing of the transaction. Recent internet credit card debt of Iceland Travel is negligible.

Iceland Vacation has been a foremost journey corporation, tour operator and vacation spot administration business in Iceland tracing its roots to 1937. Iceland Travel offers providers to agents and other firms (B2B) and its service presenting spans a wide assortment of substantial-quality solutions for tourists from all around the globe, presenting a comprehensive range of guided tours, working day tours and road journeys. As formerly declared, the sale is section of Icelandair Group’s divestment of tourism functions and amplified concentration on aviation and connected products and services.  

Nordic Customer is a professional vacation company catering to folks right (B2C) from all around the entire world.  Nordic Visitor offers a wide vary of tour deals in Iceland, Scandinavia, and Scotland.

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

Get hold of details:

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

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