Bakkafrost has via its 100% owned
subsidiary Havsbrún, purchased a further 41.15% in HanstholmFiskemelsfabrik. Following the
acquisition the shareholder structure in Hanstholm Fiskemelsfabrik isas follow: Bakkafrost: 81.01% Minority shareholders: 13,73% Treasury shares: 5.26% Minority shareholder will be able
to sell their 13.73% of the shares in the company. The investment is a strategic
investment and part of the consolidation of the fishmeal and fish oilindustry, which Bakkafrost will
be part of. Hanstholm Fiskemelsfabrik is a
fishmeal and fish oil producer in Hanstholm in Denmark. The company sourced in
100,000 tonnes of pelagic fish in 2013 for production of fish meal and fish
oil. HanstholmFiskemelsfabrik had a financial
loss of DKK 18 million in 2013. The total assets amounts to DKK 157 million and the equity was DKK 40
million. About Bakkafrost: Bakkafrost is the largest salmon
farmer in the Faroe Islands. The Group is fully integrated from feed production
to smolt, farming, VAP and sales. The Group has production of fish meal, fish
oil and salmon feed in Fuglafjørður. The Group operates licenses on 14 farming
fjords. The Group has primary processing in Klaksvík, Kollafjørð and Strendur
and secondary processing (VAP) in Glyvrar and Fuglafjørður. The headquarters
are located in Glyvrar, and the company has a total of 630 employees. 
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