Bakkafrost has no plans for exchange with Marine Harvest

“We have a good cooperation with Marine Harvest Faroes, andhave no plans to make any exchange of fjord sites with them,” said BakkafrostCEO Regin Jacobsen.

Last winter Bakkafrost attempted to buy into Marine HarvestFaroes, but the Norwegian parent company was not prepared to have Bakkafrost inon the owner side, and instead took advantage of its first option rights.

“In our opinion it wasn’t such a good idea for a bank to own27 percent of the shares in Marine Harvest Faroes. It would have been smarterif we, who are engaged in fish farming, had these shares.