Negotiations with Triton to continue
The Enterprise Investment Fund has been negotiating with European private equity fund Triton on Triton’s acquisition of a part of Icelandic Group’s operations. Both parties have decided to continue these negotiations. The sales and marketing platform, which provides services to Icelandic seafood manufacturers, would continue in the full Icelandic ownership, while the secondary value-added processing platform outside Iceland would be majority owned by Triton. The negotiations are expected to be concluded by the end of January.