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Business

Business

Faroese fish farming giant closes deal for 77.8% in Scottish Salmon Company

Faroese fish farming giant Bakkafrost has completed the acquisition of 151 million shares in The Scottish Salmon Company from private equity firm Northern ...
By Jens Hákun LeoOctober 8, 20190
Business

Vágar-New York direct flight plan delayed until March 2020

If everything goes according to plan, Atlantic Airways, the national airlines of the Faroe Islands, will begin flying to New York (Newark Liberty ...
By Jens Hákun LeoOctober 8, 20190
Business

P/F Magn gains license to build and operate Tórshavn-based windmill park

Faroese electricity authority Orka has approved an offer from a special purpose vehicle (“SPV”), established by P/F Magn, the Faroese subsidiary of Skeljungur ...
By Jens Hákun LeoOctober 2, 20190
Business

Posta Logistics receives Gazelle recognition

Press release: Five years ago, Posta opened Posta Logistics, an office and a freight terminal in Kolding, Denmark. From the start Posta Logistics ...
By Torleif JoensenOctober 1, 20190
Business

Bakkafrost is awarded Faroese Business Initiative 2019 for new biogas plant FÖRKA

On Friday 27 September, Faroese salmon farmer was awarded Business Initiative of the year, for its investment into the country’s first biogas plant ...
By Jens Hákun LeoSeptember 28, 20190
Business

P/F Poul Michelsen chosen as the 2019 Company of the Year

Tórshavn-based property management company P/F Poul Michelsen was chosen as the Company of the Year at the 2019 Industry Day, which took place ...
By Jens Hákun LeoSeptember 28, 20190
Business

Bakkafrost gains foothold in the UK

Faroese firm Bakkafrost has acquired 17.849.626 shares in The Scottish Salmon Company at a price of NOK 28.25 per share, which corresponds to ...
By Jens Hákun LeoSeptember 27, 20190
Business

Bakkafrost buys Scottish Salmon Company in £517m deal

The Scottish Salmon Company is being bought over by Faroese firm Bakkafrost for more than £500m, reports BBC. Bakkafrost has agreed to acquire ...
By Jens Hákun LeoSeptember 26, 20190
Business

Atlantic Airways orders new Airbus aircraft

Atlantic Airways, the national airline of the Faroe Islands, has ordered a new Airbus 320neo aircraft. The newest purchase is the airline’s fourth ...
By Levi Hanssen - faroeislands.foSeptember 24, 20190
Business

400 festival tents made into clothing

Faroese company ÖDN WEAR has recycled 400 tents left by festivalgoers at this year’s G! festival. The stock cord found in tent poles ...
By Levi Hanssen - faroeislands.foSeptember 19, 20190

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Current weather

Tórshavn, Faroe Islands
4°
light snow
humidity: 86%
wind: 6m/s SSW
H 5 • L 4
5°
Wed
4°
Thu
0°
Fri

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