Faroese salmon farmer Bakkafrost has acquired 90 percent of the shares in Denmark-based Munkebo Seafood.
The shares were acquired from Paul Lybech, who has been associated with Munkebo Seafood
for almost 25 years.
Following the transaction, Michael Karlsen, Munkebo Seafood's general manager, holds 10 percent of the shares of the company, while Bakkafrost holds the remainder.
Munkebo Seafood, founded in 1974, produces canned salmon and other seafood from its factory in Munkebo, Denmark.
