British Seafood Group founder Mark Holyoake is weeks from completing his acquisition of Reykjavik-based trading group Iceland Seafood International (ISI), a source told Icelandic financial newspaper Vidskiptabladid.
On April 12, the U.K. Serious Fraud Office (SFO) confirmed to IntraFish its investigation into the collapse of British Seafood, which went to the wall with debts of over £250 million (€280 million/$407.5 million), is “ongoing.”
Holyoake is close to completing the purchase of the 73.1 percent stake in ISI he agreed to buy from investment group Kjalar in late 2009, through his investment company International Seafood Holdings SARL, the source told Vidskiptabladid.
In
