Icelandair Group's acquisition of WOW air cancelled
The acquisition of Icelandair Group of WOW air, based on a purchase agreement signed on November 5th, has been cancelled. Both parties agree on this outcome. Icelandair Group hf. issued a stock exchange release last Monday, November 26th, stating that the company estimated that it would be unlikely that all of the conditions in the share purchase agreement would be fulfilled by the shareholders’ meeting on November 30th. That situation remains unchanged. Therefore, it is unlikely that the Board of Directors of Icelandair Group can recommend to the shareholders that they agree to the