Salmon exporter Platina Seafood has bought into Northern Norway processing company Viking Group, joining farming and processing group Hofseth International.

Viking Group processes around 14,000 metric tons of salmon annually at its Alsvag, Norway, facility.

Hofseth and Platina hope to bring new investors to the table, including employees and locals.

Under the agreement, the principal owners will hold 36 percent of shares, and will offer up 28 percent of the shareholding to local investors in a share issue worth NOK 2.4