At a meeting Thursday, shareholders in Icelandic fishing giant Brim, formerly HB Grandi, agreed to entrust the company's board of directors with examination of proposals aimed at increasing the potential of non-Icelandic residents indirectly investing in the company, with a deadline for approval at the company's annual general meeting at the end of March 2020.
To do this, the board proposed the establishment of a wholly-owned subsidiary to take over ownership of Brim's fishing business, allowing Brim itself to change from a fishing to a holding company and allowing foreign parties to acquire a limited share of the capital.
