SKEL fjárfestingafélag hf.: SKEL sells 15.4% equity stake in Styrkás for ISK 3.15 billion to institutional investors

SKEL has signed purchase agreements with a group of domestic institutional investors for their acquisition of 153.9 million shares in Styrkás hf., representing just over 15.4% of the company’s issued share capital. The total purchase price of the shares is ISK 3,150 million, equivalent to ISK 20.47 per share. The sale price is equal to the book value of SKEL’s stake in Styrkás as of December 31, 2024. The purchase agreements are subject to customary conditions, which are expected to be finalized next week. ...