Marel has successfully obtained additional financing and entered into a new term loan
Icelandic company Marel has secured an extension to its financing by a staggering EUR 700 million. The company has also successfully inked a new EUR 1...
Litli-Hrútur Eruption on Reykjanes Peninsula Transfixes Iceland
Iceland has been captivated by the volcanic activities at Litli-Hrútur (Little Ram) on the Reykjanes Peninsula for the past week. The eruption, which ...
Public Access to Eruption Site Closed Due to Toxic Gases and grass fires
In a precautionary move to protect public health and safety, the Chief of Police of the Suðurnes region has decided to close the public access to the ...
Update: Significantly reduced power and productivity of the eruption in Iceland
The intensity of the volcanic eruption, “Litli Hrutur Eruption”, has decreased considerably since yesterday. At nine o’clock in Icel...
Danish Healthcare Giant Coloplast Acquires Icelandic Medical Company Kerecis in Landmark Deal Worth 175 Billion Icelandic Krona
Danish healthcare giant Coloplast has acquired Icelandic Kerecis for approximately 175 billion Icelandic Krona. The deal, valued at around 1.3 billion...
Earthquake Activity in Fagradalsfjall Area Raises Concerns of Possible Volcanic Eruption
Earthquake activity in the Fagradalsfjall area of the Reykjanes Peninsula has caught the attention of scientists and residents alike. Since the initia...
Largest Business Deal in Icelandair’s History: Purchase of Airbus Passenger Aircraft
In a historic move, Icelandair announced its plans to replace its fleet of Boeing aircraft, which have been in service since 1990, with Airbus passeng...
TBWA\Norway has acquired Legendary Scandinavian Design Group as part of its expansion plans in the Norwegian Market
In a major move within the advertising industry, TBWA\Norway operations have announced their acquisition of Scandinavian Design Group (SDG), a pioneer...