The Group constitutes an international network of independent companies, each operating in its own market area in the production and sale of seafood products. In the United States, United Kingdom, France, Denmark and Germany the Group operates processing plants for value added products but in addition there are the sales and marketing companies selling natural seafood products. The sales and marketing companies are located in the United States, United Kingdom, France, Spain and Japan.
Icelandic Group has an annual turnover of about Euro 1 billion. The Company has three main business segments; primary processing, value added processing, and sales and marketing, representing 6%, 69% and 25% of total sales respectively.
Icelandic Group fully owned by Vestia HoldingVestia Holdings ehf. (Vestia), a subsidiary of the Icelandic bank NBI hf., has assumed 100% ownership of Eignarhaldsfelagið IG ehf. (IG Holdings ehf), the parent company of Icelandic Group. This will have no effect on Icelandic Group´s business activities or daily operations but provide strong support to the Group's management in realizing the company's full capabilities.
Drugs discovered on board Greenlandic trawler Iceland
A fourth crew member of fishing vessel Polar Nanoq, which sails under the flag of Greenland, was arrested in the Icelandic port of Hafnarfjordur, after the police discovered a large quantity of hashish aboard.
Brussels validates Spanish fisheries control system Spain
The European Commission has notified Spain that it considers finalized the implementation of the action plan to remedy deficiencies in the Spanish fisheries control system, which was established by Decision of the EC on 30 July 2012.