Brim hf. sells its shareholding in Polar Seafood Denmark A/S

Brim hf.has concluded an agreement to sell its 50% stake in the Danish company Polar Seafood Denmark A/S (PSD), while Brim's S-13 Holding ApS subsidiary has retained Brim's stake in PSD in Denmark. The buyer is the Greenlandic company Polar Seafood Greenland A/S, which is a co-owner of the company. The agreement is subject to financing and the approval of the relevant public authorities. The consideration for the sale is DKK 925 million. Brim invested in the company in October 2022, and the purchase price was DKK 625 million. Polar Seafood Denmark A/S is a sales, processing, and export company for seafood products from the North Atlantic. The two companies will continue their good cooperation, as they have done in recent years.