Norwegian aquaculture supplier declares five of its subsidiaries bankrupt

Five companies in Norway-based aquaculture supplier Fiizk Group have been declared bankrupt.

In August, Norway-based industrial technology group Nekkar and investment group Bewi Invest injected a combination of NOK 75 million (€6.5 million/$6.9 million) into the group.

After the investment, Bewi Invest and Nekkar became the main owners of the NOK 337 million (€29 million/$31 million) turnover company, holding 41 and 39 percent respectively.

As part of the transaction, bankruptcies for five of the group's companies -- Fiizk Closed Systems, Fiizk Ecomerden, Fiizk Group, Fiizk holding and Fiizk operational services -- were entered into.