Shareholders sell €107 million stake in Artic Fish Holding

Morton Stene

Three large shareholders, who control as much as 34.2 percent of Arctic Fish Holding, are selling their stake in the company.

The stockholders have signed an agreement to sell their respective shareholdings in the Icelandic fish farmer Arctic Fish Holding.

In the transaction, the shareholders Bremesco Holding, Icelandic Farming Holding, NOVO and Neil Shiran Thorisson will sell 10,899,684 shares, worth €107 million, which represent 34.2 percent of the shares in Arctic Fish Holding, according to a stock exchange announcement.

Bremesco Holding sells 9,104,582 shares, NOVO sells 1,389,236 shares and Neil Shiran Thorisson sells 335,000 shares. Following the completion of the transaction, these shareholders will not own any shares in Arctic Fish Holding. The share price in the transaction is NOK 100 per share.

One of the players behind the sale is Bramesco Holding, controlled by Morpol founder Jerzy Malek, who in February this year sold NOK 200 million (€19.67 million) worth of stock.

The share price has increased by seven and a half percent on the Oslo Stock Exchange, to NOK 86, on Friday at 2 p.m.


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