Hvalur hf. is an Icelandic commercial whaling and holding company. Hvalur hf. was founded in 1947 as a commercial whaling company by Loftur Bjarnason and Vilhjálmur Árnason and later run by their sons, Kristján Loftsson and . In the recent decades, it has become one of the most powerful investment company in Iceland, having owned large shares in Arion Bank, Marel, Origo hf. and Brim hf. amongst others.
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