ABOUT THE COMPANY
Skel Fjarfestingafelag, often referred to as Skel, is an Icelandic investment company that specializes in real estate and private equity investments. Founded in 1928, it focuses on long-term value creation by acquiring, managing, and developing commercial properties and other investment assets. Over time, Skel has diversified its portfolio to include business services, consumer markets, and financial markets. Skel is currently listed on the Nasdaq Nordic Iceland.
Guided by its core values of collaboration, transparency, and accountability, Skel is committed to sustainable growth in its operations. Today, Skel’s diverse portfolio spans across many industries and includes both established businesses and emerging ventures. In its investments, Skel actively provides support and assistance to the companies in which it invests.
Looking to the future, sustainability remains at the core of its operations. Skel looks to continue to pursue international expansion, specifically in Europe and the Nordic region, to expand its existing portfolio and seek new growth opportunities. Skel has also explored possible mergers with many Icelandic companies to expand its existing holdings. Focusing on the grocery market, Skel looks to merge its online grocer Heimkaup with the established nationwide network of stores operated by Samkaup. Skel has voiced its intentions to spin off the combined grocery giant in an IPO in the next few years.
