Icelandair Group sells 75% of hotel operations to strengthen business

Credit: Rob Finlayson
Icelandair Group has sold a 75% stake in Icelandair Hotels and related real estate to Berjaya Property Ireland, a subsidiary of Malaysia-based Berjaya Land Berhad. The acquisition included a put and call option on the remaining 25% for three years. Icelandair Hotels, which has an enterprise value of...

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