Iceland's largest quota holder Brim is investing €85 million ($95 million) in Greenlandic seafood company Arctic Prime Fisheries (APF), months after Brim established a subsidiary in Greenland.

Brim aims to broaden the operational base through the investment in APF, giving the company leeway to strengthen the relationship between Greenland and Iceland, as the two parties share stocks of capelin, cod, greenland halibut, red fish and mackerel.