I can't help it, but looking at Icelandic Group's development over the past years I was reminded of an iceberg slowly melting away.

Once a mighty global enterprise, the business of today is a mere skeleton of its former size and reach.

The latest kick in the crotch came this week: The owners Enterprise Investment Fund announced they initiated the sales process for Belgian subsidiary Gadus.

It is the latest in a long row of divestments.

Having been previously stripped of its French, German, US and most of its Asian assets in 2011 -- which included Pickenpack, Icelandic USA and even a Chinese tilapia producer -- the group was already barely half the size it used to be.

Even