MOWI ACQUIRES 51.28% OF ARCTIC FISH

Mowi acquires 51.28% of Arctic Fish

The acquisition of Norwegian farming giant Mowi’s 51.28% stake in the Icelandic salmon farming company Arctic Fish has gone through. Mowi paid 26 billion ISK for the share, or about 1,670 ISK per share.

The European Commission gave its blessing to the purchase, which was reported in a stock exchange announcement.

Mowi had been tracking the progress of Arctic Fish for the last few years before the purchase.

A company announcement states that Icelandic salmon farming is undergoing extensive construction and the purchase gives the company the opportunity to participate in this boom.

Mowi is the world’s largest producer of farmed Atlantic salmon. The company employs about 12,200 people and has facilities in 25 countries.

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About Arctic Fish

Based in Iceland’s remote Westfjords, Arctic Fish recognizes that our greatest assets are our natural resources. This is reflected in our dedication to sustainable aquaculture and ecologically certified products. Taking great pride in our work and environment, we bring the world responsibly farmed fish with the clean taste of Iceland’s pristine waters. Our high quality products are not simply a means of income, but also a symbol of our integrity and the region we represent

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