Icelandair Group — M&A Activity 2017

Oct 27, 2017

Merger of Iceland Travel and Gray Line abandoned

Merger of Iceland Travel and Gray Line abandoned

Icelandair Group, owner of Iceland Travel ehf., and owners of Allrahanda GL ehf., have decided to end negotiations on the merger of the companies. As stated in Icelandair Group's announcement on August 9th. the merger was subject to the results of due diligence which have now been finalized. The decision has been made that the merger will not take place. 

For further information please contact::

Björgólfur Jóhannsson, President and CEO of Icelandair Group, tel: +354-896-1455

Bogi Nils Bogason, CFO of Icelandair Group, tel: +354-665-8801