SKEL Portfolio Update
Summarized
SUMMARY
The operating companies
that previously formed
Skeljungur are
performing well
The majority of the company's
assets are now valued based on
known market value or on the
basis of transactions between
unrelated parties
The sale of S/pf Orkufelagið has
been completed
However, the right to sell still
exists and a loan in the initial
amount of ISK 460m
AHEAD
The development of Styrkás
is off to a good start with
cooperation with Horn and is
fully funded for the medium
term
The company looks, among other
things, to increase investments in
registered bonds, to northern
Europe and to the real estate
market in the coming seasons
Liquidity is strong and the share
of listed assets, which by their
nature can be sold at short
notice, will increase
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