Purchase by Skírnis ehf. of all the shares of KEA Pt. LLC in Prime Hotels ehf

The parties to the merger are Skírnir ehf., Prime Hotels ehf. and Kea Hotel ehf. The publicly-owned holding company Skírnir is acquiring all shares of Kea Pt. LCC in Prime Hotels ehf. This constitutes a change of ownership in Prime Hotels ehf., which holds a 65.1% stake in Kea Hotels. The merging parties, Skírnir ehf. and Prime Hotels ehf., are holding companies with no significant direct operations. The activities of the ultimate owners of the merging parties overlapped to a small extent, and the merger has little impact on the hotel accommodation market.