Nordic Business Report-October 3, 2006-FL Group to list Icelandair Group on the Icelandic stock exchange
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Icelandic investment group FL Group confirmed on Tuesday (3 October) its plans to list the airline, transportation and tourism industry holding company Icelandair Group on the Icelandic stock exchange before the end of the year.
In connection with the listing FL Group will sell 51% of the shares in an initial public offering underwritten by the financial group Glitnir. Icelandair Group's enterprise value is estimated at ISK43bn.
Icelandair Group includes the airline Icelandair and 11 other service and trade companies with some 2,700 employees and a combined turnover of ISK54bn.
One Icelandic krona (ISK) is worth approximately 0.008 British pounds (GBP).
((Comments on this story may be sent to [email protected]))
