The Blue Lagoon now among Icelandair’s largest shareholders


By staff />

  • Blue water The Blue Lagoon is a unique destination, attracting thousands of foreign visitors every year. Photo / GVA

The Blue Lagoon has acquired in recent weeks and months a larger stake in Icelandair Group, which operates one of Iceland’s two international airlines, Icelandair. Local newspaper Fréttablaðið reports that Blue Lagoon hf, which owns and operates the popular tourist destination and the Blue Water Pool, is now among Icelandair’s 20 largest shareholders.

The Blue Lagoon has tripled its stake in Icelandair Group since the end of 2017, reports Fréttablaðið. Currently, Blue Lagoon owns 1% of the outstanding shares of Icelandair. The Blue Lagoon is doing well in

Ownership of Icelandic pension funds
Icelandair’s main shareholders are Icelandic pension funds which own more than half of the company. Icelandair’s main shareholder is Lífeyrissjóður Verslunarmanna, which is managed by the Retail and Office Employees Union, which controls 14% of the shares.

Icelandic pension funds are also major shareholders of the Blue Lagoon. The main shareholder of Blue Lagoon, with a 39% stake, is an investment company owned by institutional investors, including several pension funds, and the CEO and founder of the company. Blue Lagoon’s second shareholder is utility company HS Orka, the only private electricity company in Iceland. Icelandic pension funds are among the major shareholders of HS Orka.

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