Scottish Salmon Company sold to Bakkafrost

The Scottish Salmon Company has been acquired by Bakkafrost, the Faroe Islands based company in a deal that FDMB Scotland understands is valued at £516m deal.

FDMB once again understands that Bakkafrost will take a 69% shareholding in the Edinburgh-based company from the current majority owner, the private equity firm Northern Link, a fund which is said to be backed by a Ukrainian investor.

The stake is valued at £356m and the offer will trigger a mandatory offer for the remaining equity.

The Scottish Salmon Company, which will be de-listed from the Oslo Stock Exchange operates from 60 sites and has more than 600 employees.

The Scottish Salmon Company is the second-largest salmon farming firm by harvest volume in Scotland, with figures showing that they produced 29,913 metric tons (MT) of salmon in 2018 and 18,463 MT of salmon in the first half of this year.

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