SKEL fjárfestingafélag hf.: Underwriting of subscription for new share capital in the Orkan and Samkaup group
Globenewswire·2025-06-16 09:38
Group 1 - Orkan IS ehf. has fulfilled certain conditions for acquiring 51.3% of Samkaup from Kaupfélag Suðurnesja, with a nominal value of ISK 221,386,719 [1] - Orkan has signed agreements with other shareholders to acquire their shares, leading to ownership of approximately 96% of Samkaup, and subsequently over 98.5% after reaching an agreement with another shareholder [2] - An agreement has been made with Íslandsbanki for an underwriting commitment of at least ISK 2 billion to strengthen Samkaup's financial position, valid for 180 days [3] Group 2 - All conditions for Orkan's purchase agreements with Samkaup shareholders have been met, pending approval from the Competition Authority regarding merger regulations [4]