Speculations on FL Group

Morgunblaðið newspaper published a story this morning declaring the possible sale of Icelandair. According to market specialists , FL Group could make a profit of over 20 billion kronas if they sold Icelandair. Icelandair is registered at 8 and a half billion in FL Group's balance sheet, but a few days ago the company was estimated at 26 billion and even 30 billion depending on the nature of the purchase. Banks are considered the most likely buyers, as well as investor groups. Likely investors named by Morgunbladid newspaper are groups of investors led by Ólafur Ólafsson, board director of Samskip, and groups of investors led by former Central Bank Manager Finnur Ingólfsson.

FL group has released a statement following the news story saying that investors have shown interest in purchasing Icelandair but that no decisions had been reached. " FL Group has already expressed it's wish to remain a large shareholder in Icelandair, and this has not changed. "