Do you want to buy the Blue Lagoon? 30% stake in Iceland’s best-known attraction for sale
By staff />
|May 17, 2017
Completely unique The Blue Lagoon owes its existence to the same geothermal energy that HS Orka uses to generate electricity. Photo / GVA
Electricity company HS Orka has started looking for buyers for a 30% stake in the Blue Lagoon, one of Iceland’s best-known tourist destinations. Local news site Vísir reports that the decision to explore the possibility of selling the stake in the Blue Lagoon was taken after potential buyers approached the utility.
Read more: Blue Lagoon to open new luxury hotel this fall and hire 165 new employees
The utility, which operates the Svartsengi geothermal power plant. which produces electricity from geothermal seawater that feeds the Blue Lagoon, has been part of the owners of the lagoon and the spa since their foundation. The other shareholders are private investors, including the CEO of the lagoon.
An announcement from HS Orka explains that although the Blue Lagoon is a unique and highly profitable business venture, it does not fit well with the utility’s core business, which is the generation and distribution of renewable energy.
There is no word yet on the possible asking price.