13 November 2019

Iceland Seafood International hf. Sign a share purchase agreement to acquire Elba

Iceland Seafood International ("Iceland Seafood") is delighted to announce it has signed a share purchase agreement in relation to its purchase of Elba Seafood ehf, the holding company of Elba S.L. in Spain

Iceland Seafood announced on November 7th it had agreed on heads of terms to acquire Elba S.L. in Spain.  Today on November 13th a share purchase agreement has been signed with GPG Seafood ehf and IceMar ehf on the acquisition.  Iceland Seafood is acquiring Elba Seafood ehf, a single purpose vehicle that owns 100% of Elba S.L. All terms of the acquisition remains as previously announced and the acquisition is subject to customary conditions such as satisfactory Due Diligence review and board approval. 

Further information

Iceland Seafood International hf

Bjarni Ármannsson,  bjarni.armannsson@icelandseafood.com 

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