Posts Tagged ‘Nordea’
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 Salmon Company. The deal, which kicks in this month, comes in the form of a binding agreement between the Faroese salmon farmer and the lenders.…
Read MoreBakkafrost in bid for all SSC shares
BAKKAFROST has moved to purchase the entire share capital of the Scottish Salmon Company. The bid is not entirely unexpected as Bakkafrost CEO Regin Jacobsen suggested as much in September, when the sale to the Faroese salmon farmer was first announced. But it has probably come sooner than expected. Initially, Bakkafrost purchased 68.6 per cent…
Read MoreBakkafrost buys Scottish Salmon Company
THE Faroese salmon farmer Bakkafrost has bought a majority share in the Scottish Salmon Company (SSC), it was announced this afternoon. Bakkafrost acquired 68.6 per cent of SSC from Northern Link, ending much speculation in the industry after the company was put up for sale in July. Listed on the Olso Stock Exchange seafood index,…
Read MoreMinister to open awards day seminar
FERGUS Ewing, Scotland’s Rural Economy minister, is to open the aquaculture seminar in Edinburgh later this month, to be held before the 2019 Aquaculture Awards. He will also be present at the awards ceremony, at Dynamic Earth in the Scottish capital. The awards organisers, the Fish Site, welcomed global entrants for the first time, and…
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