Bakkafrost plans move to offshore farming
BAKKAFROST is poised to move out into the open sea because bays and inlets around the Faroe Islands are filling up with cages. The company said it wants to expand its […] Continue Reading
Scottish Salmon Co boost for Bakkafrost Q4
BAKKAFROST today spoke about an exciting future ahead following its acquisition of the Scottish Salmon Company five months ago. The Faroese salmon farmer delivered significantly improved results for the final […] Continue Reading
WWF hails ‘sustainability example’ of salmon farmers
THE World Wildlife Fund (WWF) has recognised the positive impact on sustainability made by the Global Salmon Initiative (GSI), a group which represents 50 per cent of the world’s farmed […] Continue Reading
Bakkafrost shares soar after SSC deal
BAKKAFROST share prices have climbed by more than 20 per cent since it bought the Scottish Salmon Company (SSC) three months ago. They were being quoted on the Oslo Stock […] Continue Reading
Scottish Salmon Company secures £100m growth package
THE Scottish Salmon Company, recently acquired by the Faroese aquaculture group Bakkafrost, has secured a £100 million refinancing package to help move the business forward over the next five years. In […] Continue Reading
Scottish Salmon Company harvest rise
THE Scottish Salmon Company is on course to produce a healthy 10 per cent plus increase in its harvest volume for 2019. In a trading update by new owner Bakkafrost, the harvest output […] Continue Reading
Anderson leaves SSC in Bakkafrost shake-up
CRAIG Anderson, CEO of the Scottish Salmon Company for the past six years, is to stand down, following Bakkafrost’s recent purchase of the firm. He will be replaced by the […] Continue Reading
Bakkafrost secures £296m in credit pledges
BAKKAFROST today announced it has secured two credit facilities for a total of up to 352 million euros (£296 million), partly to help finance its recent acquisition of the Scottish […] Continue Reading
Everyone should own salmon shares says analyst
THE salmon farming sector can look forward to a better year in 2020, a leading Norwegian investment analyst has predicted. And Tore Tønseth, at Spare Bank 1 Markets, is also […] Continue Reading