Styrkur Invest holds a 39.05% stake in FL Group

FL Group at IceNewsAfter Baugur Group’s changes today, Styrkur Invest now holds 39.05% of shares in FL Group. According to Styrkur Invest spokesman and its CEO, Eirikur S. Johannsson, these changes are planned to promote value for investors and investee companies like FL Group and should have little or no effect on FL Group’s operations.

FL Group reported in a press release, “Following a share capital increase in Styrkur Invest, major shareholders in Styrkur Invest will be shareholders of Baugur Group and related parties (47.1%) and Kaldbakur, an investment vehicle for Samherji hf. (33.6%). Styrkur Invest’s sole asset is a 39.05% stake in FL Group, there of Styrkur Invest has bought 1.75% shares today at ISK 7.28 per share.”

Eirikur S. Johannsson, former Managing Director of Investments at Baugur Group, has been appointed CEO of Styrkur Invest. Eirikur S. Johannsson will remain a Board Director of FL Group and Jon Asgeir Johannesson will remain FL Group´s Chairman.