Samherji Holding, a company affiliated with Samherji, increased its share position in Icelandic shipping company Eimskip by 3 percent to 30.11 percent, prompting a mandatory takeover offer. As required by law, Samherji Holding will be making the offer to other shareholders in Eimskip within the next four weeks.
In 2018, the foreign operations of Samherji were moved into a seperate holding company, Samherji Holding. At the time of the demerger, the shareholders of the two companies were the same.
The Icelandic and Faroese operations are in Samherji hf. and European, American and African operations within Samherji Holding ehf.
Eimskip is one of the oldest shipping companies in Iceland, founded in 1914, with transport lines all around the world.
“Eimskip is majority-owned by Icelandic pension funds that collectively hold more than 50 percent of the share capital. It is my understanding that the Board of Directors and the management of Eimskip have been aligned in the recent structural and operational changes," said Bjorgolfur Johannsson, interim CEO of Samherji.
"Samherji Holding believes Eimskip is well fit to continue to its listing on the Icelandic Stock Exchange. We hope that the majority of current shareholders, both large and small, share that belief with us and will continue to support the development of Eimskip in the years to come."