Mowi completes sale of stake in wellboat company
Salmon farmer Mowi has completed the divestment of its 50% stake in wellboat operator DESS Aquaculture Shipping.
The company first announced an agreement to sell its stake to an entity controlled by Antin Infrastructure Partners last month.
Mowi said at the time that it had invested €60 million in DESS Aquaculture Shipping and that its share of proceeds was €115m, a gain of approximately €55m.
DESS Aquaculture Shipping’s newest wellboat, the Aqua Skye, is undergoing final testing in Norway before starting a long-term contract with Mowi Scotland.
