A sales tender for Italian salmon smoker Fjord, which has been in bankruptcy proceedings since last year, has generated no takeover deal, a source close to the process told IntraFish.

As a result, the company will keep operating as it is, and implement its debt repayment plan, which was proposed to creditors last year, the source said.

The "unsustainable" and "disastrous" situation in the salmon market forced Fjord to file for Chapter 11 (diritto fallimentare, article No. 161) last year.

A sales tender was initiated by the court of Busto Arsizio in December, and interested parties were able to submit offers by 12:00 pm CET on April 5.

However,