Baader-owned Icelandic equipment manufacturer files for insolvency

Baader acquired 100 percent of Skaginn 3X in February 2022.

In the face of growing economic challenges, including high interest rates and inflationary pressures, Skaginn 3X attempted to restructure its operations and secure new investments.
In the face of growing economic challenges, including high interest rates and inflationary pressures, Skaginn 3X attempted to restructure its operations and secure new investments.Photo: Skaginn 3X
Published 4 July 2024, 15:29Updated 5 July 2024, 14:27