Oslo-listed salmon farmer Bakkafrost has agreed to acquire a 27.07 percent stake in Marine Harvest Faroes for a total cost of DKK 54 million (€7.2 million/$9.5 million).
"We are very satisfied with the agreement," said Regin Jacobsen, CEO at Bakkafrost, said in a stock exchange release.
"We see this as a good financial investment, as the outlook for the farming industry is promising," he said. "We are looking forward to cooperate with Marine Harvest in the future, as their farming sites are within our core area in the Faroe Islands."
The
