Ice Fish Farm sells Isthor to Arnarlax, starts refinancing process

Iceland-based salmon-farming company Ice Fish Farm (Ifish) harvested 1,966 metric tons (MT) of fish in the third quarter of 2022, a 904-MT increase on the corresponding period of 2021. However, the average weight of the Q3 harvest was a low 2.7 kilograms due to early harvesting.

Ice Fish Farm is owned by Froya, Norway-based Måsøval and completed the acquisition of Icelandic salmon-farming firm Laxar in June 2022. In its Q3 report, it said has entered a refinancing process "to ensure sufficient funding, simplify the loan structure of the group, and finance all interest-bearing liabilities on group level."

"The process of refinancing has started well, and the target is to complete the refinancing before end of this year," it said.

Ice Fish Farm also announced it had sold its shares in Eldisstodin Isthor to Arnarlax ...