Icelandic company buys major share in Kilroy Travels Skip to content

Icelandic company buys major share in Kilroy Travels

Icelandic investment company Íslensk fjárfesting ehf. bought 53 percent of the shares in Kilroy Travels International, after signing an agreement with the travel agency’s board in Copenhagen yesterday.

Arnar Thórisson, CEO of Kilroy, told RÚV the buyer and seller had agreed not to reveal the price of the investment.

Íslensk fjárfesting is owned by Arnar Thórisson and Thórir Kjartansson. The company has the right to buy another 20 percent of the shares, and Thórisson said they intended to do so.

“Kilroy is a very strong brand in the Nordic countries and in the Netherlands. […] We are planning to meet with the board [of Kilroy] and discuss the next steps, but I cannot reveal anything about that at the moment,” Thórisson said.

Kilroy runs 25 travel agencies in the Nordic countries and beyond, employing about 300 people. It is the leading travel agency in the Nordic countries among young travelers.

Icelandic investment bank Straumur-Burdarás funded part of the investment.

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