Seløy Sjøfarm and Kobbvåglaks completed the acquisition of a 50% stake in smolt division of Kvarøy Fiskeoppdrett.

Seløy Sjøfarm, a fish industry company, and Kobbvåglaks, a seafood farm, completed the acquisition of a 50% stake in smolt division of Kvarøy Fiskeoppdrett, a family-owned fish farm. Financial terms were not disclosed. "We are very pleased to bring Kobbvåglaks and Seløy into the ownership of Kvarøy Smolt. These are two good breeders whom we know well, in whom we have great confidence, and who will be able to add a lot of positives to the company both in the short and long term," Alf-Gøran Knutsen, Kvarøy Fiskeoppdret Managing Director.