Stodir

The company was placed into administration in September 2008 after Glitnir, its largest investment, was part-nationalised by the Icelandic government.

On October 23, 2005 FL GROUP announced its acquisition of the Danish low-cost airline Sterling Airways.

[8][11] In September 2008 Stodir filed an application for a debt moratorium process at the District Court of Reykjavík, effectively putting the company into administration.

[12] The move was prompted by the Government of Iceland's acquisition of three-quarters of troubled bank Glitnir, in which Stodir had previously held a 32% stake.

It was declared bankrupt in January 2014, costing its sole investor and creditor, the parent FL Group, nearly US$130 million in losses.

[3] Composition agreement reached with creditors (June 2009), which thereby acquired all shares in the renamed company Stodir.

Between 2009 and 2016, all assets were sold except for a shareholding in Refresco Holding, a pan European beverage company, all debt was paid off, and all legal issues resolved.

(a group of Icelandic and UK family investors) acquired the majority of shares in Stodir.

Refresco shareholding was sold for EUR 140 million and Stodir was repositioned as an active investment company.