Brim hf. acquires all shares in Lýsi hf.
Brim hf.'s offer to purchase all shares in Lýsi hf. has been accepted, subject to approval by the companies' boards of directors, the buyer’s shareholder’ meeting and the approval of the Competition Authority.
The purchase price is based on the enterprice value of Lýsi hf. amounting to ISK 30,000,000,000 (thirty billion krónur). Deducted from this are interest-bearing debts as of June 30, 2025, totalling ISK 5,277,295,082. The purchase price will be paid half in cash and half in shares in Brim hf., based on Brim hf.'s closing share price on September 23, 2025, which was ISK 63 per share.
Further details regarding the transaction will be specified in the parties’ purchase agreement, which will include customary provisions typically applied to transactions of this nature.
The parties see significant synergies and opportunities to strengthen Lýsi hf.'s raw material procurement and for Brim hf. to move further up the seafood value chain.
For more information, contact Guðmundur Kristjánsson, CEO of Brim hf.