Salmon farming and processing firms Bakkafrost and Vestlax merged operations Jan. 1, to be united under the Bakkafrost name and logo.
The plan remains for the single entity to be floated on the Oslo exchange in the first half of 2010 so shareholder Foroya Banki, which holds one-third of the shares, can sell its stake.
“The motiviation is, primarily, that one of the owners is a bank which has one-third of the shares, and they should not have the shares in a production company, so they have to sell that part out,” Bakkafrost CEO Regin Jacobsen told IntraFish.
The
