Sources: Nissui buys into former Icelandic Group execs' venture

Japanese giant Nippon Suisan Kaisha (Nissui) has acquired a 60 percent stake in a German trading and processing business, two sources told IntraFish.

Nissui has taken the stake in Leuchtturm, a holding company for a trading business, The Seafood Traders (TST) and a processing company, The Seafood Processor (TSP), said the sources.

Tatsuo Ishii, the managing director of Nissui’s the Netherlands-based European division, declined to comment, citing Nissui's status as a public company.

Two sources, one formerly employed by Nissui and another working for a large global seafood company in Germany, told IntraFish the stake was 60 percent.

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