SalMar invests in Bakkafrost

SalMar ASA has after close of the Oslo Stock Exchange on October 21st acquired 10,633,857 Bakkafrost P/f shares at NOK 46.50 per share. After this acquisition SalMar ASA owns 10,633,857 in Bakkafrost P/f which corresponds to 21.76 per cent of the outstanding shares in Bakkafrost P/f., reports http://www.megafishnet.com/ with reference to SalMar.

CEO of SalMar Leif Inge Nordhammer comments: We view Bakkafrost as a well managed company with a strong and positive corporate culture. We have invested in Bakkafrost because we believe in the good conditions for farming Atlantic salmon on the Faroe Islands, because we see natural areas of cooperation between SalMar and Bakkafrost, and because we see a potential in developing the company further.

About Bakkafrost

Bakkafrost is the largest salmon farmer on the Faroe Islands, with a production of approx. 30,650 tonnes gutted weight in 2009. The Group owns 44% of the total licenses on the Faroe Islands and is fully integrated from smolt to VAP and sales. The headquarters is located in Glyvrar, and the company has a total of 514 employees. For more information see www.bakkafrost.com