The company’s focus for the year ahead is new areas of business, with farmed cod singled out as an area of investment for the company through its subsidiary, Domstein Fish.

In the past few months, Domstein signaled Domstein Pelagic would merge with seven other Norwegian producers of herring and mackerel to form the world’s largest pelagic company, with sales of NOK 3 billion (€365 million/$481 million).

Domstein will be a major shareholder in the new company, which could bring together Domstein Pelagic, Global Fish, Westcoast, Bergen Fiskeindustri, Brodrene Myhre, Koral Fisk, Emyfish and Skude Fryseri, once negotiations are complete.

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