Norwegian cod farmer Statt Torsk’s subsidiary Stokkeneset Reiarlag has entered into an agreement with a Norwegian bank for a 63 million (€6.3 million/$7.3 million) financing framework for equipment worth NOK 70 million (€6.9 million/$ 8.4 million).
The financing will be used for feed barges and work boats for Statt Torsk's fish farms, the company said in a stock exchange announcement.
Three feed barges and two work boats will be delivered between the last quarter of this year to the third quarter next year, as part of an investment program of six barges and six boats.
