Icelandic investors bid for bankrupt Skaginn 3X as negotiations begin
A group of Icelandic investors has made a bid for the bankrupt Skaginn 3X company. Another group of investors has also expressed interest in purchasing the firm but has not yet made an offer. The announcement comes after 128 employees of Skaginn 3X lost their jobs in early July when the company announced it would be filing for bankruptcy.
A formal offer to purchase all assets and operations of the bankrupt Skaginn 3X has been received. It’s been just over a week since the company filed for bankruptcy. The bankruptcy trustee, Helgi Jóhannesson, confirmed that an offer had been received from a group of Icelandic investors. He further added that the proposal includes various conditions, such as the sale of properties not owned by the bankrupt estate. Negotiations are expected to start immediately after the weekend.
As the process continues, Jóhannesson plans to meet with the bank that holds all the mortgages to discuss the situation. He also indicated that the property owner and local authorities would need to be involved, as this also relates to plot issues in the town.
Jóhannesson also mentioned that another group of investors has shown interest in purchasing the bankrupt company as a whole, but no formal offer has been received from them yet. He remains hopeful about the ongoing negotiations and the potential outcomes, stating that he is pleased to see interest in purchasing the company. Although there is no set outcome yet, Jóhannesson expressed that it is much better to see potential buyers rather than stagnation in the process.