Icelandic salmon producer Arnarlax has seen a capital increase and its OSE Merkur listing, along with gaining ASC certification and a new name, as the last few weeks have been eventful ones.
The capital increase is backed by Icelandic pension fund Gildi and Stefnir Asset Management together with the successful investor and entrepreneur at Alden as cornerstones investors.
The offering is equivalent of €40 million for issuing of approximately 15% new shares, intended to support overall investments in all parts of the company’s value chain over the next few years.
The holding company behind Arnarlax becoming Icelandic Salmon AS represent a greater focus on further developing sales and branding strategies, according to a statement.
“We strongly believe there is a lot of value to catch in referring to our Icelandic origin in the company name. Such strategy is to be built in line with our vision; sustainable salmon from the Westfjords,” an Arnarlax spokesperson said.
The company has also achieved Aquaculture Stewardship Certification (ASC) for its Tjaldanes site in Arnarfjörður.
“ASC is one of the most stringent environmental certifications in world of aquaculture and fits nicely with our key value. Sustainability in everything we do,” Arnarlax’s representative commented.