A net pen at the Arctic Fish site in Patreksfjörður.

Licences renewed for Mowi’s Iceland subsidiary Arctic Fish


Iceland salmon farmer Arctic Sea Farm, a subsidiary of Arctic Fish, today received a renewed licence of 7,800 tonnes of maximum allowed biomass for Patreksfjörður and Tálknafjörður, it said in a press release.

Arctic Fish has farming licences for a total of 29,800 tonnes MAB, of which 2,800 tonnes are for rainbow trout. In addition, the group has a 1,000 tonnes production licence for smolt production.

Arctic Fish is majority-owned by Mowi, which bought a 51.28% stake from fellow Norwegian salmon farmer SalMar. That deal was the result of a ruling by the European Commission to approve SalMar’s purchase of a controlling interest in salmon and shipping company NTS ASA and a related merger between SalMar and Norway Royal Salmon (NRS), which was majority-owned by NTS.

In connection with the approval, SalMar agreed to sell NRS’s controlling stake in Arctic Fish.

Tálknafjörður and Patreksfjörður are in the south of the Westfjords peninsula.