The newest DESS vessel, the Aqua Skye, will start a long-term contract with Mowi Scotland. Photo: DESS Aquaculture Shipping.
The newest DESS vessel, the Aqua Skye, will start a long-term contract with Mowi Scotland. Photo: DESS Aquaculture Shipping.

Mowi completes sale of stake in wellboat company

Salmon farmer Mowi has completed the divestment of its 50% stake in wellboat operator DESS Aquaculture Shipping.

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The company first announced an agreement to sell its stake to an entity controlled by Antin Infrastructure Partners last month.

Mowi said at the time that it had invested €60 million in DESS Aquaculture Shipping and that its share of proceeds was €115m, a gain of approximately €55m.

DESS Aquaculture Shipping’s newest wellboat, the Aqua Skye, is undergoing final testing in Norway before starting a long-term contract with Mowi Scotland.