SKEL fjárfestingafélag hf.: Orkan signs purchase agreement for shares in Samkaup

Following previous discussions between SKEL fjárfestingafélag hf. (“SKEL”) and Samkaup hf. (“Samkaup”) regarding a merger of Samkaup with Orkan IS ehf. (“Orkan”) and Atlaga ehf. (formerly Heimkaup), further discussions took place with Kaupfélag Suðurnesja svf. (“KSK”), the largest shareholder in Samkaup, about resuming the dialogue under new terms. This past December, the parties reached an agreement on a merger between Atlaga and Samkaup, a transaction that received competition authority approval in April.