Bakkafrost completed the acquisition of 78% stake in The Scottish Salmon from Northern Link.

Bakkafrost, a Faroese salmon farming company based in Glyvrar on the island of Eysturoy in the Faroe Islands, completed the acquisition of a 78% of The Scottish Salmon, a leading salmon farming company with operational headquarters in Edinburgh, Scotland from Northern Link, which owns and operates restaurants. The deal values the target at $639m. "Bakkafrost’s journey has been characterized by delivering industry-leading growth and profitability combined with a focus on shareholder value creation. The Scottish Salmon Company represents an attractive acquisition at this juncture providing exposure to the attractive and premium Scottish salmon farming region with potential for synergies and transfer of best practices. The entire Bakkafrost team is looking forward to working with the SSC management team to continue to enhance the performance of the business and drive value in the years ahead," Regin Jacobsen, Bakkafrost CEO.