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The acquisition of Wow Air by Icelandair Group, on the basis of the agreement signed on November 5, was canceled, reports TDN Direct.
According to the news agency, the two sides must agree on the outcome.
Icelandair Group indicates that the company announced on November 26 that it considered it unlikely that all the terms of the stock purchase agreement would be met by the general meeting of the 30th of November. November. This situation remains unchanged.
On this basis, Icelandair Group's Board of Directors is unlikely to recommend that shareholders approve the purchase agreement.
According to TDN Direkt, the Commission does not intend to propose to postpone the decision on the purchase contract.
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