Minigarður operator seeks bankruptcy proceedings

Munnbitinn ehf., the company that operates Minigarður, has requested bankruptcy proceedings after the attraction closed, mbl.is reported. Einar Bergur Ingvarsson, husband of Prime Minister Kristrún Frostadóttir, owns a stake in the company.

Minigarður’s closure was announced earlier on Monday by Sigmar Vilhjálmsson, the company’s chairman and owner. Munnbitinn was removed from Frostadóttir’s parliamentary register of interests last Wednesday, days before the closure was announced.

Ingvarsson holds a 9.59% stake in Munnbitinn. His interests in software company AGR Dynamics ehf. in Kópavogur and jewellery company Aurum are also listed in the register.

Viðskiptablaðið reported last month that Minigarður’s operating company had negative equity and had lost a combined total of about 65 million Icelandic krónur over the previous two years.