Festi hf. acquires 85% of Íslenskri Orkumiðlun for ISK 722.5 million

Festi hf. has signed an agreement to acquire all shares in Íslenskri Orkumiðlun ehf. (ÍOM), an electricity retailer in Iceland. Festi already owned 15% and will pay ISK 722.5 million for the remaining 85%, valuing ÍOM at ISK 850 million. The acquisition will integrate ÍOM's operations under Festi's N1 fuel and energy brand.

“N1 er orkusali Festi samstæðunnar og mun starfsemi Íslenskrar Orkumiðlunar færast undir N1.”vatnsidnadur.net

• 1 source
• vatnsidnadur.netÍslenskri Orkumiðlun, N1 – Sami eigandi – Vatnsiðnaðureftir VatnsidnadurJun 4, 2020

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