Creditinfo Group hf agreed to acquire 48.23% stake in SP/F Orkufélagið from Skel fjárfestingafélag hf. (ICSE:SKEL) for DKK 146.05 million on February 15, 2023. The purchase price of the shares will be in accordance with the previous agreement, DKK 146.05 million.

The parties estimate that the buyer will issue payment in cash and the shares delivered by the end of March 2023. The buyer and seller agree that due diligence has been concluded and financial terms of the sale have been met. Subject to the execution of the purchase agreement, SKEL has entered into a Put-Option Agreement with Hólmi, a 7.9% shareholder in Orkufelagið.

The execution period of the option shall be 30 days following the approval of Orkufelagið annual accounts for 2023.