FL Group announced Friday that it intends to spin off Icelandair Group into an independent subsidiary through a listing on the Iceland Stock Exchange as the parent "has undergone considerable changes recently and is now an investment company." Kaupthing Bank and Islandsbanki will manage the process, which is scheduled to be completed by mid-year. Further details will be available in the spring. FL Group also has opted to sell Reykjavik Excursions and Icelandair Car Rental, which are part of ...

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