Thor Landeldi has completed a 4 billion ISK capital increase aimed at expanding its land-based salmon farming operations in Iceland.

Information on the Target

Thor Landeldi, an aquaculture company specializing in land-based salmon farming, has successfully completed a capital increase of 4 billion ISK through a closed offering. The capital increase was led by IS Haf Investments along with four existing shareholders: the Reykjavik Fisheries Company, Birtu Pension Fund, the General Pension Fund, and the Iceland Bank Pension Fund. The firm Arctica Finance provided management services for the capital increase.

This funding secures the financial resources necessary for Thor Landeldi's next phase, which focuses on constructing a facility capable of producing 4,750 tons of salmon at Þorlákshöfn. The first harvesting of salmon is expected by autumn 2027, and this marks the second phase of a larger plan, which aims to build a total capacity of 20,000 tons of land-based salmon farming. The first phase of the project is set to conclude before summer, featuring a state-of-the-art processing facility and extensive preparatory work on research and permitting for the entire project, which has already received all necessary approvals.

Industry Overview in Iceland

The aquaculture industry in Iceland has been experiencing significant growth, driven by increasing global demand for sustainable seafood. The country is uniquely positioned due to its clean waters and rigorous environmental regulations, which ensure th