Iceland’s Samherji Buys Stake in Eimskip

Icelandic fisheries company Samherji though Samherji Holding has acquired a substantial share in Eimskip, Iceland’s longest-established and largest shipping operator.

The company has a total of 25.3% stake in the company and the purchase price is about 11 billion Icelandic krona. Samherji Holding is a subsidiary of Samherji's foreign operations. The seller of the stake is the US investment fund Yucaipa.

The purchase will give Samherji an investment in a major logistics firm that has 22 vessels, 63 offices in 20 countries in four continents, operates 22 vessels and over 1,850 employees.

‘Eimskip is a well-established company with solid foundations, experienced staff and an excellent fleet,’ said Samherji managing director Thorsteinn Már Baldvinsson. He said that the fishing firm and the logistics firm operate in similar areas.