Managed to complete 34 billion financing
Samherji Fiskeldi ehf., A subsidiary of Samherji hf., Has completed financing the first phase Announcement on Samherji’s website.
It is stated that financing the first phase amounts to EUR 235 million, equivalent to ISK 34 billion. The project is the company’s largest investment since the beginning.
Soil construction at the farm began in October 2024, and the breeding station is located in the HS Orka Resource Garden at the Reykjanes power plant with access to 100% renewable energy from the power plant there. The station will be built in three stages.
When the first phase of the farm will be completed, it will produce 10,000 tonnes of slaughtered salmon, but plans to put the station into operation in the first quarter of 2027.
A fully -built farm will achieve production capacity of 30,000 tonnes per year, but it is planned to use side products that are generated in the production of HS Orka Resource Park.
Soil construction at Equine Garden began in October 2024. The breeding station will be located in HS Orka Resource Garden at the Reykjanes power plant.
Photo/Samherji
Based on experience from Öxarfjordur
« » It is very gratifying that the financing of the new Aquaculture Station, Aquarium, is in port. Domestic and foreign banks and investors show us a lot of confidence with their participation. Baldvinsson, CEO of Samherji and Chairman of the Board of Samherji Aquaculture, in the announcement.
« Aquaculture is based on our experience of land farming in Öxarfjordur. From 2023 we have invested in the station in Öxarfjörður for over ISK 4 billion.
Thorsteinn Már Baldvinsson.
mbl.is/hákon Pálsson
He draws attention to the fact that a team has been working for a long time to prepare for this large and financial project, and thus laid the foundation for what Thorsteinn Már considers to be the foremost country worldwide.
« I am extremely proud of Samherji’s staff at this juncture and we feel that we are well positioned to deal with many larger land fires, » he says.
Expanded the share capital increase
The announcement states that the financing of aquaculture was twofold. On the one hand, this was the issue of new shares in Samherji Fiskeld ehf. up to EUR 125 million and, on the other hand, a syndicated loan of EUR 110 million.
Due to the great interest in the project, it was decided to increase the scope of the share issue and lay the foundation for the next phase in the development of the farm. Both domestic and foreign investors participate in this expansion of the issue and are scheduled to be completed by the end of May.
About 100 people will work in a farm and the majority of them will be knowledgeable, with a strong emphasis on automation in the station.
Photo/Samherji
It is reported that Samherji hf., Which is today the owner of 99% of the shares in Samherji aquaculture, will propose about half of the share capital increase against investment from a group of investors. This is a3 slhf. (Enterprise Fund in the operations of Alfa Entrack ehf.), CCAP (Dutch investment company in Family ownership) and Snæból ehf. (Icelandic investment company in family ownership). Syndicated loans of € 110 million are led by Íslandsbanki with the participation of Landsbanki, Nordea and EksFin – Eksportfinansiering in Norway.
Íslandsbanki and Arctic Securities in Oslo were advisers of Samherji aquaculture in the financing process.
A promotional video for Samherji Fiskeldi ehf.
