Sale talks between Triton and Icelandic Group’s owners, the Enterprise Investment Fund (FSI), broke down Tuesday. FSI has stated it will sell Icelandic Group’s U.S.-based and Asian operations, but will continue to manage its European divisions.
"From a business point of view, I feel that this decision is unexplainable, but there may be other motives than business that lay behind the decision of the board of FSI,” said Carl-Evald Bakke-Jacobsen, co-founder of Triton, in an article by Icelandic paper Morgunbladid. “We offered a very high price for this company."
Triton
