On Tuesday the Iceland Enterprise Investment Fund (EIF) announced it has started the sales process for Icelandic Iberica, part of the Icelandic Group, the next step in the fund's plan to divest all its businesses by 2019.
The Icelandic Group – which is comprised of the individual operations of Iberica in Spain, Seachill in the United Kingdom, Gadus in Benelux and Nyfiskur in Iceland -- is owned by the pension fund, which was set up after the Icelandic financial crash to create a safe haven for Icelandic companies.
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