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Iceland’s First Water secures €39m in share increase
Land-based salmon farmer has now secured €240 million in funding, with investment in the project now exceeding €137 million
First Water, a company specialising in sustainable land-based salmon farming in Þorlákshöfn, Iceland, has completed a share capital increase amounting to €39 million. The capital raise was led by existing shareholders, including Stoðir hf, FW Horn slhf, Framherji ehf, Lífeyrissjóðurverslunarmanna, Brú lífeyrissjóður, Líra ehf and LSR.
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