Skeljungur hf. becomes SKEL fjárfestingafélag hf.
At the annual meeting of Skeljungur hf. on 10.03.2022, it was agreed to change the name of Skeljungur hf. to SKEL fjárfestingafélag hf. The company will continue to be listed on the Icelandic stock exchange market.
Skeljungur hf. has been operated as an oil company since 1928 or for 93 years and is based on a good foundation. Since 2019, there has been systematic work on sharpening the company's role and future vision. The company's policy is to place greater emphasis on profitability, reducing the weight of fossil fuels in the portfolio, and place greater emphasis on strengthening existing operating companies as well as other investments. Three independent subsidiaries are under the company : Orkan IS, with activities in the B2C market and Skeljungur IS and Gallon with activities in the B2B market.
SKEL fjárfestingafélag is a strong company with good assets in its portfolio and considerable investment capacity. The focus will be on strengthening existing operating companies as well as other investments. There are therefore new and exciting times ahead for the company and its subsidiaries.Ólafur Þór Jóhannesson, CEO
SKEL has accepted a purchase offer for all owned shares in Sp/f Orkufelagið
SKEL fjárfestingafélag hf. has accepted an Offer Letter from a Faroese investment company for all owned shares in Sp/f Orkufelagið or 48.3% shares. Orkufelagid is the holding company for P/F Magn that operates in the Faroe Island.