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Hitt og þetta 27. september 2006

(IFN) Icelandair Group in discussions regarding sale

Reykjavik (IFN) Discussions have taken place regarding the possible sale of a stake in Icelandair Group or the company as a whole, Hannes Smarason FL Group chief executive confirmed to IFN on Thursday.

Icelandic media had previously reported that several banks were interested in acquiring Icelandair Group.

Icelandair previously announced that the company intended to go ahead with its planned initial public offering (IPO) in the autumn. Icelandic investment company FL Group owns Icelandair, as well as Danish budget airline Sterling Airlines.

Smarason said the discussions were in accordance with the company's previous statements, which said they were willing to look into that possibility.

Smarason declined to name which parties were involved or how many.

Iceland's Glitnir bank values Icelandair at ISK44-48 billion (EUR497-541 million). Market analysts say selling Icelandair as a whole may be more profitable for FL Group, rather than an IPO.

(END)

Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.

25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

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