Scottish Salmon Company Sold to Bakkafrost

The Scottish Salmon Company, one of the country’s biggest producers of farmed fish, has been acquired by a firm in the Faroe Islands in a £516m deal.

Bakkafrost will take a 69% shareholding in the Edinburgh-based company from the current majority owner, the private equity firm Northern Link, a fund said to be backed by a Ukrainian investor.

The stake is valued at £356m and the offer will trigger a mandatory offer for the remaining equity.

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