Wednesday, October 29, 2014

Fund II slhf Horn. in operation Landsbréf owned by Landsbanki, has acquired 60 percent stake in Kea

Vsir - Sjur Landsbrfa buy a flow of KEA htelum
Fund II slhf Horn. in operation Landsbréf owned by Landsbanki, has acquired 60 percent stake in Keahótelum inc., one of the largest hotel company in Iceland. Keahótel Pvt. operate include Hotel Kea Akureyri and Hotel Borg in Reykjavik. The seller is holding angelica Pvt. Majority Owners angelica Pvt. they are Christian Grétarsson found Andri Ólafsson and Gunnarsson. Paul L. Sigurjonsson Keahótela executive, will remain a shareholder in the company. No change in the company's operations under the new owners group. Keahótel Pvt. is a significant development at this time. In autumn, the Company include the operation of a new hotel at Austurvöllur the former big lots furniture Reykjavik pharma and spring 2015 inserted a new hotel with Hverfisgötu and additions to Star City will be opened. "We are very pleased with the approach angle to the company," said Paul L. Sigurjónsson manager Keahótela Pvt. A notification from the Land Letter. "At the present time is an important time in the development of tourism in Iceland. Getting big lots furniture strong party like Horn gives the company gives it greater strength and ability to take a more active part in the reconstruction. We have made a profit every year in our 15-year operating history, infrastructure is strong and we are very optimistic about our future. "Horn II is more than 8.5 billion of venture capital company founded by Land Letter. Shareholders are 30 pension funds, financial institutions and institutional investors. The stated aim of Horn II is investing in unlisted companies with reliable and well-known operational history. The acquisition of Keahótelum are third investment fund this year and one of the two investments big lots furniture in tourism. "Horn II feels great possibilities for tourism in Iceland. Considerable development has taken place in the structure of tourism in recent years and we believe in Keahótel uniquely well positioned to participate in further development in the coming years. big lots furniture We believe we are very well placed with investment Keahótelum which together have been good profitability and growth. Outlook for the company further suggests that this will continue, "says Steinar Helgason another managing Horns II. Icora Partners provided advice to the sellers in the sale.
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