Brim buys half of Polar Seafood Denmark

Reykjavík, Iceland-based seafood company Brim has entered into an agreement to purchase shares in Polar Seafood Denmark from private companies held by Helge Nielsen, Bent Norman Petersen, and Louise Schov Petersen.

The DKK 245 million (USD 32.5 million, EUR 32.9 million) purchase is being made through a newly-established Danish holding company 100 percent owned by Brim. Brim has also subscribed for new shares in Polar Seafood Denmark for the sum of DKK 380 million (USD 50.4 million, EUR 51.1 million), bringing the total purchase price to DKK 625 million (USD 82.9 million, EUR 84 million). On completion of the transaction ... 

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