Faroese largest salmon farmer Bakkafrost acquires P/F Havsbrun

P/F Bakkafrost, the largest salmon farmer in the Faroe Islands, has received approval from the Faroese Competition Authorities for the acquisition of P/f Havsbrún and related companies, reports www.megafishnet.com with reference to Bakkafrost.

For further information:
Regin Jacobsen, CEO of P/F Bakkafrost: +298 235001 (mobile)
Teitur Samuelsen, CFO of P/F Bakkafrost: +298 235111 (mobile)

P/F Bakkafrost
Bakkavegur 9
PO Box 221
Fo-625 Glyvrar
Tel. +298 405000
Fax +298 405009
Bakkafrost@bakkafrost.com
www.bakkafrost.com

About Bakkafrost

Bakkafrost is the largest salmon farmer in the Faroe Islands. The Group is fully integrated from smolt to VAP and sales. The Group operates licenses on 14 farming sites located in 13 different fjords. The Group has primary processing in Klaksvík and Kollafjørð and secondary processing (VAP) in Glyvrar. The headquarters are located in Glyvrar, and the company has a total of 400 employees.

After the acquisition of Havsbrún, Bakkafrost will operate licenses on 19 farming sites located in 18 different fjords. The Group will have 57% of all licenses in the Faroe Islands and primary processing in Strendur and Vág in addition to the existing facilities and in total a total of 550 employees.