The Icelandic asset management business Icelandic Securities has plans to build a sizeable position in the country's salmon aquaculture sector, after acquiring a majority position for a group of Icelandic investors in farmer IS 47 earlier this month, it told Undercurrent News.
The investors have no intent to simply grow the business and sell it for a quick profit, according to Hrafn Arnason, managing director for alternative investments at Icelandic Securities [...]
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