Russian Fishery Company (RFC), one of the world's largest whitefish producers, reached a deal to sell off eight of its fishing subsidiaries to rival harvester V. Lenin Fishing Collective Farm.

The deal, aimed at increasing the efficiency of the company’s pollock and herring operations, included quota holders LLCs Treska-T, Treska-V, Herring-S, Herring-T, Herring-V, Kalmar-I, Terpug-I and Terpug-V.

The eight companies hold a combined 8,600 metric tons of quota for 2020, according to Russia’s fishery agency Rosrybolovstvo.

Around 60 percent of the quota held is for Pacific herring, while the remainder is for Pacific cod and squid.