Samherji to Use $26 Million to Build 40,000 MT Salmon Farm with Former Mowi CEO Backing

Samherji’s fish farming arm wrapped up a $26 million share capital increase with the funds to be used to build a pilot project for land-based salmon farming in Öxarfjördur, in Northeast Iceland, and to design and construct a 40,000 metric ton salmon farm in the Resource Park next to the Reykjanes Power Plant in the Reykjanes Peninsula.
The Icelandic seafood company said this was the first phase of a $56.5 million share capital increase that has already been approved...
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