MOWI NO : To acquire 51.28% of the shares in Arctic Fish, a salmon farmer in Iceland for NOK1.88B
Announce that we have entered into a share purchase agreement to acquire 51.28% of the shares in Arctic Fish. Arctic Fish is one of the leading salmon farmers in Iceland, situated in the West Fjords with favorable conditions for salmon farming. The company is listed on Euronext Growth Oslo and the acquisition price is NOK 115 per share amounting to NOK 1.88 billion or EUR 181 million.
Arctic Fish has licenses for 10 ASC approved sites in total, providing a maximum allowed biomass of 27,100 tonnes and another 4,800 tonnes pending approval. The company expects to harvest 10,600 GWT in 2022.