Ísfélag hf. Engages in Financing for Kaldvik AS Capital Expansion
June 20, 2025 - 02:17
Ísfélag hf., which owns a 29.3% stake in Austur Holding AS, has confirmed its involvement in financing Austur’s subscription for a share capital increase of Kaldvik AS. This decision follows the approval granted during an extraordinary general meeting held by Kaldvik AS on June 19, 2025.
Kaldvik AS, which is publicly traded on both the Nasdaq First North Growth Market and Euronext Growth in Oslo, had previously announced on June 5, 2025, the successful completion of a private placement involving 38,011,500 new shares. This capital increase is aimed at bolstering the company’s financial position and supporting its growth initiatives.
The participation of Ísfélag hf. not only reinforces its commitment to Austur but also signals confidence in Kaldvik AS's strategic direction. As the market continues to evolve, such collaborations are crucial for enabling companies to navigate challenges and capitalize on new opportunities for expansion.
MORE NEWS
February 5, 2026 - 05:06
AccountAbility Appoints Guillaume Mascotto as Director of Advisory ServicesAccountAbility, a leading global consulting and standards firm, has announced a key addition to its leadership team. Guillaume Mascotto has been appointed as the firm`s new Director of Advisory...
February 4, 2026 - 05:28
How 'second guessing' cost high earning Aussie couple more than $200,000Financial indecision has proven to be a remarkably expensive habit for one high-earning Australian couple, whose reluctance to act cost them a staggering sum exceeding two hundred thousand dollars....
February 3, 2026 - 21:42
Sheinbaum doubles down on Plan México, committing 5.6 trillion pesos to major projectsPresident Claudia Sheinbaum has firmly committed to continuing the strategic infrastructure initiative known as Plan México, announcing a monumental financial package totaling 5.6 trillion pesos....
February 3, 2026 - 04:21
AMD Q4 earnings: What Wall Street expects from AI chipmakerAll eyes are on Advanced Micro Devices as the semiconductor giant prepares to unveil its fourth-quarter financial performance. The report, scheduled for release after the closing bell on Tuesday,...