Mowi completes share purchase agreement to acquire 51.28% stake in Arctic Fish Mowi on Monday signed a share purchase agreement to acquire a 51.28% stake in Icelandic salmon farmer Arctic Fish announced.

The purchase price per share is NOK 115, which equates to NOK 1.88 billion or he €181 million. Arctic Fish is located in the Westfjords and holds licenses for 10 Aquaculture Stewardship Council (ASC) approved sites with a maximum allowable biomass of 27,100 tons.

Arctic Fish has another 4,800 tonnes pending approvals, according to an October 31 announcement.

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Seafood News reported that the Norwegian competition authority approved SalMar’s takeover offer for NTS in July.

A month ago, SalMar and NRS announced a proposed merger that would allow them to achieve synergies faster and more effectively than they could by acquiring NTS.

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