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144:. It was established on 20 February 1902 by three local cooperatives in Þingey County, but evolved into a national forum for cooperation in the field of exports and imports and to achieve favorable contracts abroad. In 1917, the institution moved its headquarters from
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and became "one of the largest commercial enterprises in
Iceland". Its ship department was founded in 1946 and saw competition with
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This article about an
Icelandic corporation or company is a
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182:. Scarecrow Press. p. 38.
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