Icelandic Fishing Co. Nabs $112M Slice In Salmon Farming Biz

By McCord Pagan (June 10, 2022, 5:52 PM EDT) -- Icelandic fishing company Sildarvinnslan hf. said Friday it's buying a roughly 34% stake in Norwegian salmon farming business Arctic Fish Holding AS from Bremesco Holding Ltd. and others for about 1.09 billion Norwegian krone (about $112 million).

Arctic Fish is registered on the Euronext Growth market in Oslo, Norway, and has fish farming licenses of more than 27,000 tonnes, according to a statement.

"Salmon farming is a growing industry in Iceland which we have been monitoring for a long period of time. Capital and knowledge has been increasing in the industry and we are of the opinion that there are ample...

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