Norwegian fish farming company Pan Fish said it has signed an agreement to sell its Pan Pelagic ASA unit for NKr70m (US$9.9m) in cash in order to reduce debts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Pan Fish, the world’s number two salmon farmer after Dutch Nutreco, said the unit would be sold to the firm’s chief executive Arne Stang, reported Reuters.

The deal is expected to reduce Pan Fish’s debts by Kr180m.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now