Skeljungur hf. (ICSE:SKEL) entered into an agreement to acquire Port I ehf. for ISK 1.15 billion on November 27, 2020. The acquisition price paid by Skeljungur will amount to ISK 910 million to ISK 1.15 billion. The acquisition price is subject to certain premises regarding operations in the coming years, in addition to various conditions laid down in the purchase agreement. The arrangement of payment of the acquisition price is that ISK 282.5 million will be paid on delivery, and interest-bearing debt amounting to ISK 627.5 million will be taken over and the remaining up to ISK 240 million, is subject to certain assumptions regarding operations and other conditions. The acquisition is subject to several conditions and reservations and approval by the Competition Authority. Skeljungur hf. (ICSE:SKEL) completed the acquisition of Port I ehf. on July 15, 2021. The transaction is approved by the competition authority.