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.
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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