Framtakssjóðurinn Horn III has sold its 50% stake in Lífland to Þórir Haraldsson, making him the sole owner, aiming to enhance the company's growth in the Icelandic agricultural sector.

Information on the Target

Framtakssjóðurinn Horn III, an operational fund under Landsbréf, has entered into an agreement to sell a 50% stake in Lífland. The buyer, Þórir Haraldsson, previously owned half of the company's shares. Following this transaction, Þórir will become the sole owner of Lífland.

Lífland is a leading enterprise in food production, operational goods sales for agriculture, and grain (notably Kornax wheat). The company operates six specialized stores catering to farmers and equestrians across the country. Additionally, Lífland is known for its significant role in egg production, being one of the largest egg suppliers in Iceland. Lífland also oversees its Norwegian subsidiary, Lifland Agri, which specializes in agricultural sales for livestock. Presently, Lífland and its subsidiaries employ around 140 staff members.

Industry Overview in Iceland

The agricultural industry in Iceland is a vital component of its economy, marked by a blend of traditional practices and modern technologies. The sector includes livestock farming, vegetable cultivation, and aquacul