Mowi Enters Into Share Purchase Agreement to Acquire 51.28% of Shares in Arctic Fish
Mowi announced on Monday that they have entered into a share purchase agreement to acquire 51.28% of the shares in Icelandic salmon farmer Arctic Fish. The per share purchase price is NOK 115, which comes out to NOK 1.88 billion, or EUR 181 million.
Arctic Fish is situated in the West Fjords. The company has licenses for 10 Aquaculture Stewardship Council (ASC) approved sites which provide a maximum allowed biomass of 27,100 tonnes. Arctic Fish also has another 4,800 tonnes pending approval and expects...
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