A sales agreement has been signed between a new daughter company of Samherji and Brim Seafood Company, selling Brim’s assets in Akureyri.
The new company will be called Útgerðarfélag Akureyringa.
The assets comprise of fish processing factories in Akureyri and Laugar including machinery, the two fresh fish trawlers Sólbakur EA 1 and Mars RE 205; fishing allowances in cod, haddock, catfish and plaice, in total 5,900 tons of cod equivalent. The total quota allowances of the two companies Samherji and ÚA are under the maximum quota allowances permitted both in individual species and in total, according to the current law of fisheries.
The purchasing price is 14,500 millon kronur. Samherji contributes equity of 3,600 million kronur, partly financed by selling assets abroad. Landsbanki Islands, the new company’s bank, finances 10,900 million kronur with the intention of supporting grounds for the continuation of fish processing in Akureyri.
Þorsteinn Már Baldvinsson, Director of Samherji said: “We have always believed in the seafood business and have there fore decided to invest 3,600 million kronur in this company. We are aware of the risk involved but we believe that we can handle it, especially due to our successful business in other countries recently. To supply the capital for this investment we intend to sell some of our assets abroad and bring foreign currency into the country.”
