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The well-known and experienced Norwegian executive joins the Board of the Icelandic company, filling the vacancy left by the recent passing of Alf-Helge Aarskog.

The Salmon Garden project in Reykjanes, Iceland, is expected to generate 100 new jobs and produce up to 30,000 tons of HOG salmon per year.

The issue of new Samherji Fish Farming shares to finance it has been increased from EUR 125 million to EUR 210 million due to strong investor demand.

Thorsteinn Már Baldvinsson confirmed in May that his son will take over as CEO of the Icelandic seafood company.

Outgoing chief executive Thorsteinn Már Baldvinsson confirmed his son Baldvin Thorsteinsson will take over as CEO of the Icelandic seafood company.

With this funding, the Icelandic company is ready to tackle Phase 1 of its new land-based project in Reykjanes, intended to be one of the world's largest salmon farms.