Even with a significant shareholding, Icelandic has no interest or intention to buy any part of FPI Ltd. (FPI), CEO Bjorgolfur Johansson told IntraFish.
Icelandic holds a 15.8 percent stake in FPI, which has seen its share price surge from CAD $7.59 to more than $14.50 in recent weeks on speculation it will dissolve and shed its assets.
“We’re very happy to see the share price going up, but no, we’re not interested in acquiring FPI,” Johansson said.
Squeezing pennies
Icelandic’s first-quarter turnover growth may have been unspectacular, rising a meager one percent over last year.
