Home 🇮🇸 Icelandic land-based salmon farmer completes large funding round, changes name

Announcements Aquaculture Blue economy Europe Fisheries Investment

🇮🇸 Icelandic land-based salmon farmer completes large funding round, changes name

455

Originally published by IntraFish on 3 July

The company’s next harvests are scheduled for August and October, and both of these harvests are likely to be similar in volume and size to its first batch, CEO Eggert Kristofersson said. Photo: Landeldi

Icelandic land-based salmon farmer Landeldi, now renamed to First Water, has completed a ISK12.3 billion million (€82 million/$90 million) equity raise.

Icelandic investment company Stodir remains First Water’s largest shareholder following the round, and new shareholders include the private equity fund Horn, and a range of domestic and foreign investors, including pension funds and private investors.

For the full version of this article, visit IntraFish.

Country

iceland

Enjoy reading Arctic Today?

At Arctic Today, we strive every day to bring you reliable information on one of the world’s most dynamic and rapidly changing regions. Independent journalism ensures that stories about Far North communities, businesses, and governments are told without fear or favor. Your support helps us continue our important mission. Become a supporter today and join us in getting the word out on this vital region. Together, we can ensure that the Arctic story is told accurately and responsibly. Arctic Today is a U.S. non-profit organization. Donate to support Arctic Today here.