Group 1 - SKEL has signed purchase agreements for the acquisition of 153.9 million shares in Styrkás hf., representing over 15.4% of the company's issued share capital, at a total price of ISK 3,150 million, or ISK 20.47 per share [1] - The purchase price reflects the book value of SKEL's stake in Styrkás as of December 31, 2024, and the agreements are subject to customary conditions expected to be finalized next week [1] - Following the transaction, Styrkás will have 19 shareholders, with SKEL being the largest at 47.9%, and SÁ Horn holding 39.2% [4] Group 2 - Styrkás operates in the service sector, with subsidiaries in energy and chemicals, equipment and machinery, and asset management [2] - The buyers of the shares include prominent institutional investors such as VÍS tryggingar hf., Íslandssjóðir, and Birta lífeyrissjóður, among others [3] - The proceeds from the sale will be utilized to reduce SKEL's debt and strengthen its equity position, aligning with SKEL's goal of bringing cornerstone investors into Styrkás ahead of a public listing [5] Group 3 - The CEO of SKEL highlighted the significance of additional institutional investors joining Styrkás's shareholder group, emphasizing the effort to broaden the shareholder base and the potential for Styrkás to become a leading service provider in Iceland [6]