Icelandic fishing and fish processing firm Sildarvinnslan has revealed plans to issue shares for 128.4m Icelandic crowns (US$1.49m).

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The move, which was decided at the company’s general shareholders’ meeting yesterday [Tuesday], aims to raise funds which can be used to strengthen Sildarvinnslan’s position in the Icelandic fishing market.


The company added that it will also mull potential future acquisitions.

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