Posts Tagged ‘The Scottish Salmon Company’
Bakkafrost 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 delivers strong Q3 results
FAROESE fish farmer Bakkafrost today announced strong third quarter results and some of the lowest mortality rates for many years. Harvested volumes rose by more than 5,000 tonnes to a total of 12,900 tonnes and the combined farming and VAP (value added products) segment saw its operational profit or EBIT rise from DKK 142.4 million…
Read MoreSick fish pictures used to attack salmon industry
SCOTTISH salmon farmers\’ battle to keep photographs intended for the Fish Health Inspectorate out of the public eye has been revealed by the government. The pictures of diseased fish, from official fish health inspections, have been seized on by anti-salmon farm campaigners and the angling lobby as a means of attacking the industry. Campaign groups…
Read MoreTartan Salmon drives exports to Japan
THE Scottish Salmon Company has secured a sushi deal with a leading Japanese chain, helping to increase the company’s exports to the region by 25 per cent in the past year. The SSC, recently acquired by Faroese salmon producer Bakkafrost, has supplied its Tartan Salmon to Genki Sushi, a Tokyo based restaurant group. Genki Sushi…
Read MoreBakkafrost wraps up SSC purchase
BAKKAFROST formally sealed its acquisition of the Scottish Salmon Company at the weekend. At an extraordinary general meeting in the Faroe Islands, shareholders authorised approval for the board to issue six million new shares to settle the outstanding debt. The vote was overwhelming with 99.1 per cent in favour and just 0.9 per cent against…
Read MoreBakkafrost expecting large Q3 harvest increase
FAROESE salmon farmer Bakkafrost, which last week bought a controlling interest in the Scottish Salmon Company (SSC), is predicting significantly higher output for the third quarter of this year. In a trading update today, the company said harvest volumes for the three months between June and September will be 12,900 tonnes compared with 7,217 tonnes…
Read MoreBakkafrost plans bid for all SSC shares
BAKKAFROST plans to bid for the entire shareholding of the Scottish Salmon Company, its chief executive said today. Yesterday, the Faroe Islands’ largest salmon farmer announced it had acquired a 68.6 per cent stake in SSC from Northern Link in a deal worth £517 million. But CEO Regin Jacobsen said in a presentation at the…
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 MoreNominations open for top learner awards
NOMINATIONS are now open for Lantra Scotland’s 2020 Awards for Land Based and Aquaculture Skills – or ALBAS, as the awards have been renamed. Rural employers, colleges and schools are being asked to put forward their top learners, and to help recognise and promote the industry’s best talent. The awards provide trainees of all ages…
Read MoreSalmon farmer helps fund shinty success
THE Scottish Salmon Company (SSC) has provided Inveraray Shinty Club with funding towards new training kit and equipment. The donation, through SSC’s community fund, will allow the club’s junior team to invest in goal posts as well as training kit, enhancing its ability to compete in games and tournaments. The new portable goals will be…
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