Bakkafrost targets Scottish fish farming industry

Bakkafrost targets Scottish fish farming industry
Salmon farming giant Bakkafrost has signed a deal to acquire a majority stake in Scotland’s second-largest fish farming firm
Bakkafrost is on the verge of purchasing 133,125,109 shares worth DKK 2.8 billion in The Scottish Salmon Company
 
27.09.2019 - 10:08

Faroese salmon farming company Bakkafrost is about to expand its business activities into Scotland.

The Glyvrar-based company yesterday signed a binding agreement to acquire a 68.6-percent share in The Scottish Salmon Company from owners Northern Link Ltd.

With an annual production of 30,000 tonnes, The Edinburgh-based firm is the second-largest salmon farming company in Scotland.

A deal worth DKK 2.8 billion

The shares are being traded on the Oslo Stock Exchange for 28.25 Norwegian kroner (DKK 21.25) per share.

Bakkafrost’s planned acquisition of 133,125,109 shares in the Scottish company is estimated at just over DKK 2.8 billion.

The Scottish Salmon Company is valued at DKK 4,300,000,000. Its farming activity is primarily based on the west coast of Scotland.


Translated by prosa.fo

Er kopiera
Nýggjastu sendingar í ÚV
Mikudag 4. desember
Mono 4. sending
184660
Mikudag 4. desember
Góðan morgun Føroyar
184631
Mikudag 4. desember
Morgunlestur mikudagur 4. desember 2024
183616
Týsdag 3. desember
LEITISSTEIN 03.12.2024 (Jólasoul)
184618
Nýggjastu sendingar í SV
Týsdag 3. desember
Dagur og vika - teknmálstulkað
184615
Týsdag 3. desember
Veðrið
184604
Týsdag 3. desember
Undansending: Føroyar - Danmark
184666
Mánadag 2. desember
Dagur og vika við 3-2 - teknmálstulkað
184551
Mánadag 2. desember
3-2 (2. desember 2024)
184550