Morpol founder Jerzy Malek wants to cash in €20 million from Icelandic salmon farmer

News
645

New big win for Malek.

On Thursday morning, it was announced that NRS’s subsidiary Arctic Fish was seeking EUR 60 million in a private placement, before listing by Oslo Stock Exchange. Shares worth EUR 20 million are being offered from the company Bremesco Holding.

Behind this company is the Polish entrepreneur Jerzy Malek, reports E24.

Malek became a wealthy man when he sold the world’s largest processing facility, Morpol, to his main customer Marine Harvest (now Mowi), just before Christmas in 2012.

With some of that money, he established a competitor for Morpol, namely Milarex. In 2017, Malek sold 75 per-cent of the shares in Milarex to the Norwegian private equity firm Summa Equity.

Norway Royal Salmon (NRS) entered the ownership side of Arctic Fish by buying half its shares for EUR 29 million in 2016. At the same time, NRS established a joint venture with Malek’s Bremesco and co-shareholder Novo.

Now the Polish financial celebrity is again ready to reap a bold salmon win.