Workflow
Revenue stream diversification
icon
Search documents
Ísfélag hf. participation in financing of Austur Holding AS in connection with Kaldvik AS share capital increase
Globenewswire· 2025-06-19 16:25
Group 1 - The company, Ísfélag hf., holds a 29.3% stake in Austur Holding AS and is participating in the financing of Austur related to a share capital increase of Kaldvik AS [1] - Kaldvik AS conducted a private placement of 38,011,500 new shares for a total subscription amount of NOK 532 million (approximately EUR 46.2 million), with Austur allocated 27,045,027 shares, representing about 71.2% of the total allocation [1] - Following the private placement, Austur will increase its shareholding in Kaldvik AS from 54.06% to 57.35% after settling its allocated portion of the new shares [2] Group 2 - The financing provided by Ísfélag to Austur amounts to NOK 341 million (approximately EUR 29.7 million), which includes an equity contribution and convertible shareholder loans [2] - The investment aligns with the company's strategy to diversify its revenue streams and support the ongoing development of Kaldvik AS [3]