News

16. January 2005

The following news release is from the Iceland Stock Exchange

Article 19 of the Act on Activities of Stock Exchanges and Regulated OTC Markets, no. 34/1998, refers to the requirement that shareholders in publicly listed companies make a takeover bid to other shareholders provided that certain conditions are met; one such condition is that the ownership share exceed 50%. As AV Holdings share in IPC is 39.86%, it is not required by law to make such a takeover bid. As of 1 July 2003, however, amended legislation on securities transactions will enter into force; according to the provisions of this legislation, all shareholders who acquire more than 40% of shares in a company that is listed on a securities exchange will be required to make such a takeover bid to other shareholders.

On Monday, 19 May 2003, AV will publish a summary of the bid, wherein it will offer other IPC shareholders the opportunity to sell their shares at a price of ISK 3.69.

 

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Construction in Keflavík is in full swing
24. June 2021

Construction in Keflavík is in full swing

The design phase in Keflavik which began in the middle of September 2020 has now been completed. The permission to commence is expected within the next few weeks. ÍAV received early permission to carry out the earthworks of the apron to ensure that the concrete paving could commence as early in the summer as possible. ÍAV has dug and removed 120.000 cubic metres of soil and rock and imported 100.000 cubic metres of crushed aggregates since March 9th, 2021.

Sky Lagoon handed over
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Since contract signing on Feb 16, 2018, a continuous progress is claimed by ÍAV and sub trades on Móavegur 2-12 project site in Reykjavík. The project is to deliver in a turn-key manner a 155-apartment affordable rental-housing complex entailing six 3-4 storey buildings with a shared underground carpark, with anticipated project completion in June of 2020. The Client Bjarg is a non-profit organization formed by two of Iceland’s largest confederations of labour, ASÍ and BSRB.

Project status on Burfell Power Plant expansion.
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Project status on Burfell Power Plant expansion.

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