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Samherji takes a 25.3 % share in Eimskip

Icelandic fishing firm Samherji has purchased a 25% stake in Eimskip, for ISK11B (€87M)

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The purchase was reported by Icelandic newspaper Visir, and the seller was reported to be US investment fund Yucaipa.

 

Thorsteinn Mar Baldvinsson, Samherji’s CEO, said that fish exporting, shipping and logistics are complementary areas. "Eimskip is an international shipping company that builds its operations on good customer service with the operation of a ship fleet in the North Atlantic. We are very well-acquainted with the operation of ships and the importance of transportation in an international environment."

 

"It will be challenging, but at the same time it is a pleasure to participate in the company’s continued development in close co-operation with other shareholders."

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