SKEL fjárfestingafélag hf.: Sale of shares in SP/F Orkufelagið completed
03 August 2023 - 8:46PM
SKEL fjárfestingafélag hf.: Sale of shares in SP/F Orkufelagið
completed
It was announced on 15 February 2023 that SKEL
fjárfestingafélag hf. (“SKEL”) had entered into a share purchase
agreement with SP/F frá 27. júní 2007 for the sale of all SKEL
shares in Sp/f Orkufelagið, or 48.3% of issued shares. Orkufelagið
is the holding company for P/F Magn, which is an energy, trade and
oil distribution company in the Faroe Islands. The purchase price
of the shares is DKK 146,054,899.
The share purchase agreement was subject to the approval of the
Faroese Competition Authority. The Competition Authority has
confirmed that it will not take any action regarding to the above
transaction and all the conditions in the purchase agreement have
thereby been fulfilled. The transaction was closed today with
payment of purchase price and delivering of shares.
For further information please contact Ásgeir Helgi Reykfjörð
Gylfason, CEO, fjarfestar@skel.is
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