Icelandic convenience food company Bakkavor has said it has sold all of its fishing operations and is looking for investment opportunities in food production in Europe. Bakkavor's fishing business subsidiaries in Chile, Denmark, Finland, France, Germany, Iceland and Sweden were sold as a single unit to Fram Foods, a company mostly owned by employees of those units, for IKr3.44bn (US$45.8m), according to Bakkavor chairman Agust Gudmundsson.