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Farcargo Big Loss - but Hopes Are Still Good
Summary by Kringvarp Føroya
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1 Articles
Shortly before Christmas, the Bakkafrost Group took over the cargo transport company FarCargo, which was established with the purpose of flying Bakkafrot's salmon directly from the Faroe Islands to the US market. The company was then so financially stressed that new share capital was needed, and Bakkafrost came up with it. Bakkafrost invested ISK 25 million in new share capital at a price of 320, which means that FarCargo received ISK 80 millio…
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